Plan Your Passive Activity Losses for Tax-Deduction Relevance

Plan Your Passive Activity Losses for Tax-Deduction Relevance In 1986, lawmakers drove a stake through the heart of your rental property tax deductions. That stake, called the passive-loss rules, causes myriad complications that now, 37 years later, are still commonly misunderstood. The Trap In 1986, lawmakers made you shovel your taxable activities into three basic…