Article Date:
March 2009


Word Count:
398

 

 

Real Estate Agent Avoids Passive Losses


Last year at about this time, I attended a tax seminar. Two tax attorneys told us that time spent as a real estate agent actually worked against you for the time test (more than 50 percent) to qualify as a real estate professional. The attorneys claimed that in audits the IRS is disallowing the unlimited loss to people who are full-time agents, treating their agent work time as non–real estate time and thus making it just about impossible to meet ... Log in to view full article.

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