The Tax Reform Act of 1986 gave us the seemingly oxymoronic concept of “passive activities”. Collecting interest and dividends is not a “passive activity” even thought interest and dividends are considered “passive income” in other areas of tax law, such as the sting tax on S Corporations. There has to be an activity, such as a trade or business, for you to not materially participate in, in order for you to have passive income or losses under Code Section 469.
Real estate professional status – becoming more important – very hard to prove
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Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
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Virginia Realtors: Zillow’s touring agreement may not be legal
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Low inventory creates challenging conditions in North Carolina’s housing market
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Tri-state area housing shortage could cost the region economically
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Remote reverse mortgage counseling now permanently permitted in Massachusetts
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NAR settlement terms slated to go into effect in mid-August