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1998-20

Type
Rev Rul
Subject
2.01a - Rents from Real Property - 75% Income Test - Generally
2.07 - Non-Qualifying Income
Keywords
De Minimus (REITSA) Rule
Guest Apartments
Non-Qualifying Income
Impermissible Services
Impact on Rents
Rents Disqualified
Rents Not Affected
Permissible Tenant Services
De Minimis Rule
Tainting
Rents from Real Property
Short Term Leases
Year
1998
Summary

Impermissible tenant service income in excess of 1% of individual property's net income taints all rents from that property. "Short-term" (undefined) rental income is qualifying income.

Title
98-60
Guidance Tags
Rev Rul - 98-60
Referenced By
200532009
200140026
200106016
200013021
201204006