An exception to this rule is made for sales or exchanges of publicly traded partnership interests for which a broker is required to file Form 1099-B, Proceeds From Broker and Barter Exchange Transactions. Code AH, Other information, previously included a number of bulleted items. Those entities are often able to pay out more of their […]

Estates (other than qualifying estates), trusts (other than qualifying revocable trusts that made a section 645 election), and corporations can’t actively participate. Limited partners can’t actively participate unless future regulations provide an exception. If you actively participated in a rental real estate activity, you may be able to deduct up to $25,000 of the loss […]

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