Why "Material Participation" Can Be Your Ticket To Tax Deductions – Forbes

February 2, 2012 Posted By: Leave a comment
The tax law distinguishes between passive investments and active businesses. Suppose you have condo you rent out that generates a tax loss every year because the rent you collect doesn’t cover your mortgage and real estate taxes. If you ...
Subscribe to LegalLaw247.Com Newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *

*

CAPTCHA Image

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>