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Tax Court: Trust can materially participate in a business

$225.00

SKU: ESTja153. Category: .

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Abstract: In a landmark 2014 case, the U.S. Tax Court opened the door to significant tax savings for certain trusts. In Frank Aragona Trust v. Commissioner, the court held that a trust can materially participate in a trade or business and even qualify as a “real estate professional.” This article explains the ruling and how it affects estate plans that include trusts that own real estate or other passive business interests.

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