Passive Activity Archives - Page 2 of 3 - John R. Dundon II, Enrolled Agent
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Passive Activity

There are two distinct issues to evaluate when disposing of a passive  asset: Is the disposition considered to be a qualifying disposition under reg 1.469 making the losses deductible? Is the gain...

The following are the top issues for the IRS regarding passive losses: Airplane Leasing Farm loss - particularly when the taxpayer lives out of state Rental Real Estate Real Estate Professionals demonstrating 'material participation' Equipment leasing losses 1120S and 1065 losses on the Schedule 'E'...

Rental Income from a building leased to a business where the tax payer works - Reg 1.469-2(f)(6) Rental income from leased land - Reg. 1.469-2T(f)(3) Income from land, a building or other property held for investment IRC 469(e)(1)(A)(ii)(II) Gains on stocks or bonds - IRC 469(e)(1)(A)(ii)(II) Royalties - IRC...

As part of the IRS's continuing efforts to require greater disclosure of tax positions and strategies on returns, it recently released new, mandatory disclosure rules for grouping passive activities. Rev. Proc. 2010-13 for the first time mandates that passive-activity groupings and regrouping, as required under...

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