Don’t shoot yourself in the foot — Beware of the self-rental rule
$225.00
Description
Abstract: Renting property to a business entity may seem like an innocent action, but that “self-rental” arrangement could have significant — and potentially negative — tax repercussions. To explain why, this article first discusses the passive activity loss rules. It notes that self-rental income is nonpassive, and thus can’t immediately be offset by passive losses.
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