PIGs for your PALs. (passive income generator, passive activity loss): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on September 1, 1992. The length of the article is 554 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Losses from the rental of property by a subchapter C corporation owner to the corporation can be used to offset passive activity losses by the lessor. Thus an asset that would have generated non-passive income has become a passive income generator. Subchapter S corporations do not qualify if the lessor has a material interest in the corporation. This opportunity is regulated under IRS Temporary Regulation 1.469-2T and may change before becoming final.

Citation Details
Title: PIGs for your PALs. (passive income generator, passive activity loss)
Author: James Edward Harrison
Publication:The Tax Adviser (Magazine/Journal)
Date: September 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n9 Page: 586(1)

Distributed by Thomson Gale