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IRS Takes Close Look At Real Estate Professionals

post from The Real Estate Bloggers on 21 July 2008 07:59:37 AM. © The Real Estate Bloggers

Are you a real estate professional? If you have a W-2 job elsewhere the IRS does not think so. The difference in income (and loss) classifications between passive losses and material participating losses can be huge for the bottom line.And it looks like the IRS has set their sites on these investors. According to Diane [...]

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http://feeds.feedburner.com/~r/TheRealEstateBloggers/~3/341477518/