Posted by Me on Facebook on January 13, 2014 at 05:51AM:
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Source:
http://bit.ly/JUoaYZ
Description:
Any person who qualifies as a real estate professional may deduct all the passive losses incurred from rental real estate activities from other nonpassive income. In short, the passive activity loss rules don’t apply to real estate pros.
---
Source:
http://bit.ly/JUoaYZ
Description:
Any person who qualifies as a real estate professional may deduct all the passive losses incurred from rental real estate activities from other nonpassive income. In short, the passive activity loss rules don’t apply to real estate pros.
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