327: Real Estate and Taxes: What You Need to Know!
Wealth Formula by Buck Joffrey
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Can I Use the Tax Loss?
Section four 69 of the internal revenue code came into effect in 19 86. When it came into effect, it created two buckets of income. There's a passive bucket of income, and there's a non Passive bucket of income. All rental activities are passive, unless you qualify as a real estate professional. And any trade or business that you do not materially participate in is passive.
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