Glossary · IRC §469 · 26 U.S.C. §469
Passive activity loss rules
Passive activity loss rules — Section 469 limits rental losses to offsetting only passive income, regardless of the owner's level of participation Real estate professional status — A designation under Section 469(c)(7) requiring over 750 hours and more than half of personal services in real property trades or businesses, converting rental activities from passive to nonpassive
In the Guide
This section is treated in Chapter 12, Chapter 3, Chapter 18. The published chapter summary is the source of the definition above. The full reasoning, citations, and worked examples are in the book.
Related in this chapter
- IRC §121 — IRC §121
- IRC §199A — Qualified business income deduction
- IRC §1014 — Section 1014 step-up
- IRC §1031 — The Mechanics of Deferral
- IRC §1250 — Unrecaptured Section 1250 gain
Cite as: Diaz, Paul D. THE TAX CUTTERY® Guide to Federal Income Taxation, Professional Edition, Chapter 12: Real Estate — The Tax-Advantaged Engine of American Prosperity. IRC §469 (26 U.S.C. §469). taxguide.tax/irc/469
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