This is one of those rare occasions when I get to disagree with Peter. Well, there is the way he dresses, but I mean about taxes.You say that as if you shredded every tie you owned the day you retired. ;-)While rental real estate by a non-real estate professional is, by definition, passive, That's the part of the definition I was working with.you can still use passive losses against non-passive income up to a certain AGI level if you actively participate. That's why the software was asking and why it does matter.And that's the rest of the definition. It's not that I was actually wrong. (I'm often mistaken, but never wrong!) I was just incomplete. ;-)--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra