Investors & landlords


@AmeliesUncle wrote:

....the title of Publication 925 says it is for Passive Activity Rules, so people should not be applying things from that publication to anything besides Passive Activity Rules


Agreed.

 

Unfortunately, there are far too many who fail to read the Code, Regs, RRs, RPs, IRS instructions, et al, in conjunction with other sentences, paragraphs, and sections (and also fail to realize exactly what the particular material they are reading specifically addresses).