Self-employment tax is imposed on net earnings derived from self-employment. However, rents from real estate and from personal property leased with real estate are excluded from the definition of net earnings from self-employment. An exception to this rule exists if the lessor leases land to an entity in which the lessor is materially participating. This publication addresses court cases and tests for material participation.
|Publisher||Iowa State University|
|Publication Date||August, 2014|
|Material Type||Written Material|