In the context of the real estate professional exception to the passive activity loss (PAL) rules, making
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Question:
In the context of the real estate professional exception to the passive activity loss (PAL) rules, making the aggregation election to attain real estate professional status:
A. May or may not be advisable for net investment income tax (NIIT) reasons
B. Is always advisable for net investment income tax (NIIT) purposes.
C. Is never advisable for net investment income tax (NIIT) purposes
D. Is always advisable for passive activity loss (PAL) reasons
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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