IRS Rejects Court’s Passive Activity Loss 5% Owner and Grouping Decision

The passive activity loss (“PAL”) rules can limit the ability to deduct losses from passive activities, such as rental losses.  The real estate professional and activity grouping rules can allow taxpayers to avoid having their losses limited by the PAL ….. The post IRS Rejects Court’s Passive Activity Loss 5% Owner and Grouping Decision appeared first on Houston Tax Attorney. read more –> IRS Rejects Court’s Passive Activity Loss 5% Owner and Grouping Decision