It is a matter of indifference to me as to whether that rental counts as a trade or business.
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Early evidence from those schemes would inform decisions on whether lane rental could usefully be applied more widely, it said.
This appears to call into play the age-old question of whether a rental activity rises to the level of a trade or business.
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If the rental real estate activities are section 162 trades or businesses, the rules in section 469(c)(7) and Sec. 1.469-9 will apply in determining whether a rental real estate activity of a real estate professional is a passive activity for purposes of section 1411(c)(2)(A).
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In other words, before real estate professionals can exclude rental real estate income from the calculation of their 3.8% Medicare Surtax obligation, they must first test to see whether the rental real estate activity is from an ordinary trade or business, as defined in Code Sec. 162.
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In between, be influenced by whether you think rental values will hold up over the next decade.
Using more correct terminology, the question is whether you materially participate in the condo rental business.
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You simply enter the time and place of the trip, maybe adding extras like whether you need a hotel, a rental car or a dinner reservation.
You can tell the difference from the curb whether the home is owner occupied or a rental.
He was trying to decide whether to go with Office 365, the rental version, which Microsoft is pushing pretty hard these days.
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Two friends, who shared the price of a helicopter rental with Ruppert, did not see whether his parachute opened on his second jump, authorities said.
Former billionaire Stelios Haji-Ioannou loves winning the good fight, whether battling U.S. movie studios, the car rental industry or travel agents.
The report, also known as a VIN check, includes any accidents, along with other useful background, such as whether the vehicle ever had flood damage or was used as a rental.
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If she ever decides to rent boats on the lake, she will have to get another state registration to pay a special state boat rental tax, the percentage of which varies based on whether a boat is motorized or human-powered.
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