The effect of the Revenue Reconciliation Act of 1993 on real estate owners.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1994. The length of the article is 4978 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: Tax law changes made under the Revenue Reconciliation Act of 1993 that will affect real estate investors include an exception to the cancellation of debt (COD) rules, continued low-income housing tax credits, longer depreciation for nonresidential real property and more flexible treatment of passive activity losses. An exception to income inclusion for COD income exists for qualified real property indebtedness. Students now are qualified tenants in low-income housing projects. Passive losses can be deducted from active income if the taxpayer materially participates in the rental business.

Citation Details
Title: The effect of the Revenue Reconciliation Act of 1993 on real estate owners.
Author: Judith A. Sage
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1994
Publisher: American Institute of CPA's
Volume: 25 Issue: n8 Page: 491(7)

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