Navigating Tax Deductions for Rental Property as a Real Estate Professional
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