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Tax Court: Real Estate Professional Allowed Losses Under IRC § 469

The United States Tax Court recently issued an opinion which provides a good analysis of the passive activity loss limitations of Internal Revenue Code § 469 and their applicability to those involved in managing rental real estate. In Birdsong v. Commissioner, T.C. Memo 2018-148 (Sept. 10, 2018), the petitioners, husband [...]

By | 2018-09-25T15:26:56+00:00 September 25th, 2018|