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Real Estate Rental Activities
Petitioners owned the following rental real estate
properties: (1) A farm and buildings in New York (New York
property), (2) an apartment building in Pennsylvania (apartment
building), (3) a commercial building in Pennsylvania (commercial
building), and (4) a rental unit in Florida (Florida property).
Petitioner’s work on the rental properties included roofing
repair, electrical, heating system repairs, heating system
replacement, foundation work, and routine maintenance. Based on
petitioner’s calendar entries, petitioner prepared summaries of
the hours spent on each of the rental real estate activities.
In addition to the activities recorded in his calendar, he
computed an estimate of the hours spent traveling to and from the
rental properties and estimated the hours that he spent on
administrative tasks. Petitioner estimated that his travel time
from the Washington, D.C., area to Pennsylvania and New York was
about 7 hours each way and to Florida was about 21 hours each
way. In 1994, petitioner made four trips to Florida and eight
trips to either New York or Pennsylvania. In 1995, petitioner
made two trips to Florida and nine trips to either New York or
Pennsylvania. Petitioner estimated that each year he spent
approximately 80 to 100 hours on administrative work that related
to the rental activities.
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Last modified: May 25, 2011