As most individuals who invest in real estate know – or quickly learn when they file their income tax returns – they become subject to a complex set of rules known as the Passive Activity Loss (PAL) rules.
In a nutshell, the rules state the following:
IRS Grants Relief for late Real Estate Professional Election
Brett W. Neate, CPA, MTax real estate , Brett W. NeateFinancing the Sale of Your Home
Zinner & Co. real estate , financing , Taxes - Planning, Rules and ReturnsPosted by: Robert O’Neil, CPA
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