Passive Income vs. Active Participation. Deducting all of the rental expenses and depreciation from the taxpayer's rental income may result in a loss. Because rental activities are generally considered passive activities, rental losses may not be fully deductible.educting all of the rental expenses and depreciation from the taxpayer's rental income may result in a loss. Because rental activities are generally considered passive activities, rental losses may not be fully deductible.
Nearest major airport to Odessa, Texas: The closest major airport to Odessa, Texas is Midland International Airport (MAF / KMAF). This airport is in Midland, Texas and is 14 miles from the center of Odessa, TX.If you're looking for domestic flights to MAF, check the airlines that fly to MAF.earest airports. Travelmath helps you find the closest airport to any city, as well as a list of smaller local airports. You can use these pages to plan your trip and figure out the easiest way to get to your destination.
Odessa, Texas is located in the Permian Basin, on the vast West Texas area, in Ector County. Odessa counts with wide spaces and with great homestead property for homes, business, and ranching. Odessa is the county seat and is located in the Central Standard time zone. Odessa community.