Published: August 09, 2016
C.A.R. Realegal: Deducting Rental Losses
Real estate professionals must materially participate in their rental activities in order to deduct rental losses according to the Ninth Circuit Court of Appeals which interpreted Internal Revenue Code § 469 in Gragg v. United States of America; Internal Revenue Service, No.14-16053, August 4, 2016. (Copyright (C)2016 CALIFORNIA ASSOCIATION OF REALTORS, republished with permission from the CALIFORNIA ASSOCIATION OF REALTORS.)