You and your partner can both contribute toward the material participation hours for your short-term rental if you file jointly.
That means you do not necessarily have to hit the full 100 hours on your own.
You can divide the work based on what each of you is better at, like design, setup, furnishing, or management, and combine your hours.
The important part is making sure your total participation meets the requirement and that you understand the “more than anyone else” rule.
#ShortTermRental #MaterialParticipation #RealEstateTaxStrategy #STRInvesting #RealEstateInvesting
That means you do not necessarily have to hit the full 100 hours on your own.
You can divide the work based on what each of you is better at, like design, setup, furnishing, or management, and combine your hours.
The important part is making sure your total participation meets the requirement and that you understand the “more than anyone else” rule.
#ShortTermRental #MaterialParticipation #RealEstateTaxStrategy #STRInvesting #RealEstateInvesting