Material Participation Worksheet

 Investment and short term rental income are reported differently depending on your participation in a business. Please use the below worksheet to help us determine how to treat your K-1 investments and short term rental properties on your returns. 

You can use the below real estate time tracking log to keep track of hours spent for real estate professional for long term properties and/or material participation for short term properties. We included examples and tips to help you organize your time. We do not need this tracking log returned to us for tax purposes - it is strictly for your use and records.