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International Real Estate Handbook: Acquisition, Ownership and Sale of Real Estate Residence, Tax and Inheritance Law Review
International Real Estate Handbook: Acquisition, Ownership and Sale of Real Estate Residence, Tax and Inheritance Law Overview
This book presents a comprehensive reference for real estate investors everywhere. Covering the unique real-estate situations in seventeen key countries, including the United States and Europe, it offers a unique international overview of the real estate market.
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Short-term rental not qualified for APRRE. (active participation rental real estate): An article from: The Tax Adviser Review
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Short-term rental not qualified for APRRE. (active participation rental real estate): An article from: The Tax Adviser Overview
This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1995. The length of the article is 646 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The IRS disallowed a taxpayers claim of active participation rental real estate losses made on Schedule E and stated that losses from renting out their timeshare condo should be passive losses claimed on Schedule C. The taxpayers were therefore only able to use these losses to offset other passive losses. The rentals of the timeshare condo were generally for seven days or less, and association fees were paid to cover maintenance. The IRS characterized the rental activity as a trade or business and found it to be passive because no services were provided.
Citation DetailsTitle: Short-term rental not qualified for APRRE. (active participation rental real estate)
Author: James A. Moavero
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1995
Publisher: American Institute of CPA's
Volume: 26
Issue: n8
Page: 488(1)
Distributed by Thomson Gale
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