Thanks ! Excellent analysis- you went above and beyond- I will take a look and maybe add a disclosure statement so the IRS is fully aware of why reporting diffe...
You need to brush up on passive losses and IRC 469. Definitely don’t want any education from you in this topic! There are some good articles in The Tax Advisor ...
Appreciate your effort but it seems you are not fully up to speed on IRC Sec.469 and the regs there under. If you can tell me what cites are not accurate I woul...
If the sale of a passive activity creates passive income then that passive income is available ( like any other passive income generated) to offset passive loss...
