How To Represent Real Estate Investors, Real Estate Professionals, And Everything In Between
March 10, 2016 7:36 pmRoutinely at issue in tax controversies is the extent to which (if at all) a taxpayer who is involved in rental real estate activities may deduct losses related to that activity. Not surprisingly, because the ability to use passive losses to offset active income, taxpayers who own rental real estate activity frequently (and often improperly) treat themselves as “real estate professionals” when they are in fact real estate investors.