Example: ABC partnership is a trader of stocks, bonds, and other securities (within the meaning of IRC Section 1236(c)). The capital employed by the partnership in the trading activity consists of ...

IRC section 469(a)(1) defines a passive activity as one involving the conduct of any trade or business in which the taxpayer does not materially participate. In section 469(a)(2), the statute ...

Regulations allow taxpayers to use a facts-and-circumstances approach to define one or more trade or business activities as a single activity if the activities constitute an appropriate economic unit ...

Question: My wife and I are in a high tax bracket and are considering buying rental properties to save taxes. Our understanding is that we can depreciate the properties and benefit from the tax losses ...

The author of the bestselling historical novel “Lady Tan’s Circle of Women” said that while everybody may read the same book, ...

Discover the engaging mental activity proven by a major study to boost memory and slow cognitive aging in seniors.

With inflation and interest rates rising, many people are looking for ways to generate additional income these days—and finding reliable sources of passive income, which require less effort than most ...