IRS Asks for Input on Rental Property Paperwork Rules
Published Date: 4/6/2026
Notice
Summary
The IRS wants your thoughts on how it collects info about rental real estate activities. If you rent out property, these rules might affect you, especially if you’ve missed some paperwork deadlines before. Comments are due by June 5, 2026, so jump in now to help shape the process and possibly ease the paperwork hassle!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Late Election Relief for Rental Owners
The IRS is collecting information about Revenue Procedure 2011-34, which grants relief under Section 1.469-9(g) allowing certain taxpayers to make late elections to treat all interests in rental real estate as a single rental real estate activity. This affects individual taxpayers or households who own rental property and may have missed the original election deadlines.
Paperwork Burden and Comment Deadline
The IRS requests comments on the information collection (OMB Control No. 1545-2194) that supports these rental real estate rules. The collection is estimated at 2,000 responses, about 30 minutes per response, totaling 1,000 annual burden hours, and comments must be received by June 5, 2026.
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