Passive Activity Loss Rules for Trusts and Estates: Rental Real Estate and Aragona Trust v. Commissioner of Internal Revenue (PDF)

Discusses passive activity rules and the Aragona Trust case.
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ISBN: 9781422429983
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Trusts and estates are subject to the passive activity loss limitation rules. Under the passive activity loss rules of IRC Sec. 469, a taxpayer must determine whether each of its trade or business activities is a passive activity. With certain exceptions, rental activities are generally considered passive. In Aragona Trust v. Comm., the Tax Court examined the exception. This EIA discusses these passive activity rules and the Aragona Trust case.

Diane L. Mutolo J.D., LL.M. is a member of the New York Bar, and her LL.M. is in Taxation. She is the update author for the LexisNexis Matthew Bender treatise, How to Save Time & Taxes Preparing Fiduciary Income Tax Returns.

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