Will changes to the passive income rules renew interest in real estate?: An article from: Journal of Property Management
Will changes to the passive income rules renew interest in real estate?: An article from: Journal of Property Management
Product Description
This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on May 1, 1996. The length of the article is 997 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The recently issued final regulations under IRC Sec. 469(c)(7) provide guidance on the rental real estate activities of taxpayers engaged in real property trades or business as defined by the Omnibus Budget Reconciliation Bill of 1993. These regulations are effective for all taxable years commencing on or after Jan. 1, 1995. The section does not provide a detailed definition of the phrase ‘trade or business,’ but states that a taxpayer’s real property trades or businesses can be identified using any reasonable method. Because of such ambiguity, rental real estate may become an attractive tax shelter for some investors. The lack of a specific definition of a trade of business may give an opportunity for those in fringe real estate businesses to become real estate operators. Some taxpayers may also be able to characterize their real estate rental losses as non-passive.
Citation Details
Title: Will changes to the passive income rules renew interest in real estate?(Tax Issues)
Author: Francine J. Lipman
Publication: Journal of Property Management (Refereed)
Date: May 1, 1996
Publisher: Institute of Real Estate Management
Volume: v61 Issue: n3 Page: p78(2)
Distributed by Thomson Gale
Will changes to the passive income rules renew interest in real estate?: An article from: Journal of Property Management
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