As the IRS intensifies its focus on tax returns claiming active loss deductions under the real estate professional rules, it’s essential to understand these regulations. Our comprehensive guide offers a detailed analysis to help you determine real estate professional status and the nonpassive nature of rental activities.
Download the guide to:
- Identify and group real property trades or businesses
- Establish material participation and apply it to meet necessary tests
- Understand the implications for the net investment income tax (NIIT)
- Explore critical elections available to taxpayers
Equip yourself with the knowledge to navigate these complex rules — download the guide now!
Published on September 06, 2024
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