Question
Which of the following taxpayers is treated as having passive income from a rental activity? A) Barbara, She converted her garage into an apartment, which
Which of the following taxpayers is treated as having passive income from a rental activity?
A) Barbara, She converted her garage into an apartment, which she rents to out of town guest usually stay for several days, and Barbara provides them with fresh linens and cleaning services on a daily basis
B). Bruce. He owns an equipment leasing store and requires all rented property to be returned within 24 hours
C). Mitch. He owns and operates an apartment building. The only services he provides are maintenance of common areas and repairs for individual apartments.
D) Will. He rented a spare bedroom in his home for two weekend during the year. He received a form 1099K form an online rental platform reporting $950 in income
I dont think the answer is D but could be wrong. Please help!!!
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