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Mark D
Mark D, Enrolled Agent
Category: Tax
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Experience:  MBA, EA, Specializing in Business and Individual Tax Returns and Issues
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How does a C Corp report rental activity expenses

Resolved Question:

I own a C Corp, which has a rental property. It is closely held, and I believe subject to passive activity restrictions. Question is, where do I report the income vs. the expenses, in order to properly not deduct more than the rental income amount (my expenses exceed my revenue).
Submitted: 8 years ago.
Category: Tax
Expert:  Mark D replied 8 years ago.

Is this the corporation's primary business? If so, this would be a nonpassive activity. If not, since it is a closely held corporation, you will need to file Form 8810 (Corporate Passive Activity Loss and Credit Limitations) to determine your allowed loss.


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