Tag: AC
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Active Participation
Description and Definition of Active Participation Active Participation refers to the level of involvement that real estate owners must meet to qualify to deduct up to $25,000 of losses from rental real estate. The rules for active participation are much easier to meet than the material […]
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Actions on Decisions
Actions on Decisions The Concept of Actions on Decisions It is the policy of the Internal Revenue Service to announce at an early date whether it will follow the holdings in certain cases. An Action on Decision is the document making such an announcement. An Action on Decision will be issued at the discretion of…