July 12, 2020

Link to IRS website – https://www.irs.gov/publications/p925#en_US_2019_publink1000104581 Tax Adviser –https://www.thetaxadviser.com/issues/2017/mar/navigating-real-estate-professional-rules.html Summary Passive Activity Losses are not allowed – default since the 1980s Active Participation – $25,000 rental loss deduction. As long as a taxpayer has more than a 10% ownership interest in the property and participates in management decisions in a bona fide sense, she is considered to actively […]