Active Participation
Meaning of Active Participation in the United States Tax System
See Active Participation in the American legal Encyclopedia
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What is Active Participation?
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United States Tax Concept of Active Participation
Active Participation refers to the level of involvement that real estate owners must meet to qualify to deduct up to $25,000 of losses from rental real estate. The rules for active participation are much easier to meet than the material participation rules. An active participant must own more than 10 percent of the property and cannot be a limited partner.
Active Participation also refers to a test for determining deductibility of IRA deductions. Active participants in employer retirement plans are subject to IRA deduction phase-out rules if adjusted gross income exceeds certain thresholds.
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