Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
December 2010

Word Count:



Tax Tips for Owners of Multiple Businesses

When you own more than one business, you need to consider the grouping rules that apply for passive loss purposes.


Should one of your businesses lose money, you may not deduct the losses from that business unless you



materially participate in the business or, if grouped, in the group; or


do not materially participate, but have passive income from other sources against which to deduct your passive business losses.


Example. Sam Warren, MD, operates a medical practice and starts a new physical therapy business in which he will not materially participate. The physical therapy business is going to lose money during it first years of operation. If Dr. Warren wants to deduct ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development