The Real Estate Investor’s Resource

Turning Intentions into Action

IRS & Real Estate Investors – Passive Loss

The IRS is cracking down on real estate professionals.
It’s questioning loss deductions. Real estate pros are exempt
from the passive-loss rules if they spend over half their working hours
AND at least 750 hours per year materially involved in real estate.
IRS agents are checking returns of people claiming to be real estate pros,
such as builders, landlords, managers and brokers. It wants to make sure
that the time tests are met. Thousands of tax returns have been pulled.
For more information, go to….
http://www.kiplinger.com/members/taxlinks/070309/IRS-rental-losses.pdf

Shared by ….

Roger T. Herring

Managing Member

Investor’s Accounting, LLC

678-287-8503

March 27, 2007 Posted by | Real Estate Investing, real estate investors | Leave a comment