Except as provided below, a passive activity includes any rental activity, without regard to whether the taxpayer materially participates in the activity. 1 A rental activity is any activity where ...

According to the Senate Finance Committee Report, TRA ’86, amounts at risk are reduced even if deductions that would be allowed under the at risk rules are suspended under the passive loss rules.

Understanding passive activities When you invest in something like a rental property but aren’t deeply involved in its day-to-day management, the IRS considers this a passive activity. It’s not about ...

Several abusive tax shelters in the 1970s and 1980s caused Congress to enact rules to prevent taxpayers from deducting losses when a taxpayer doesn’t materially participate in the activity. These ...

Under the IRA, select renewable energy credits are transferrable, including to individuals and pass-through entities. The transferees of these credits are subject to the passive activity rules of ...