IRS – ,000 Passive Activity Loss Limit on Rental Property

IRS – $25,000 Passive Activity Loss Limit on Rental Property

Posted November 23, 2011

Linked is a US Tax Court case ruling that came down earlier this year that emphasizes the 750 + hour per year active management requirement and documentation required. Also Discussed in the IRC 469 document is the $25,000 special passive activity loss allowance.

Now that were little more than a month from year end, it’s not a bad idea to think about this one.

http://www.ustaxcourt.gov/InOpHistoric/b2ailey.sum.WPD.pdf

http://www.irs.gov/businesses/small/article/0,,id=146326,00.html

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