IRS Provides Guidance on Interplay of Rental Real Estate Grouping Election and Real Estate Professional Exception

The IRS Office of Chief Counsel advised on the interaction of the rental real estate grouping election and the real estate professional exception to passive activity loss rules.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/lWfHBif3-0A/Tax_Clinic_05.aspx

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