Disagree for the reasons and citations referenced above. To further clarify, the code states that with a "regular and continuous involvement" the rental activit...
Not sure if I agree. It is not crystal clear, however, but I would lean toward Sec 195 applying to rental properties. One, rental properties can rise to the lev...
I wouldn't be so sure about that, Critter.Treas. Reg. Section 1.212-1(b) states, “The term income for the purpose of Section 212 includes not merely income of t...