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Did the Tax Court just abandon the ’750 hours for every rental activity’ test?
Last year a Tax Court decision implied an additional hurdle for taxpayers wanting to claim that they “materially participate” in an activity. A decision last week appears to have quietly removed this...
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Tax Court keeps taxpayer mistake from triggering the “self-rental” passive...
Cell tower image courtesy Wikpedia Commons The tax law “passive activity” rules were written to shut down real estate shelters by making rental losses “passive,” deductible only to the extent of...
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The 3.8% question: Is your rental property a “trade or business?”
Flickr image courtesy John Snape under Creative Commons license The IRS isn’t saying. It matters for real estate operators. The proposed regulations on the Obamacare “Net Investment Income Tax” impose...
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