Material Participation In The Context Of Trusts & Estates

We have extensive experience in virtually all disciplines of law affecting businesses and the people who own them including: bankruptcy, corporate and securities, employment, healthcare, intellectual property, litigation, not-for-profits, real estate, tax, and trusts and estates.

Explore

United States Tax

Authors

To print this article, all you need is to be registered or login on Mondaq.com.

Publication: Nassau Lawyer

Date: December 10, 2015

Author: Moira A. Jabir

Practice Area: Trusts & Estates

Section 469 of the Internal Revenue Code was designed to stop taxpayers, including trusts and estates, from, taking losses for passive activity against non-passive income like investment income and salary. Passive activity occurs when the taxpayer does not "materially participate" in a trade, business, or rental activity, except in the case of a real estate professional.

Material Participation In The Context Of Trusts & Estates

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Authors

Moira A. Jabir

Your Author LinkedIn Connections

See More Popular Content From

Material Participation In The Context Of Trusts & Estates

Contributor

Tax

Contributor

United States