Short Takes: Recent Developments of Interest to Investors
Author: Staff Editors.
Source: Volume 35, Number 01, Fall 2017 , pp.79-100(22)
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Abstract:
This installment of Short Takes examines new authority on several subjects: nonrecognition provisions; the characterization of gain and loss; realization and related concepts; passive activity loss rules applicable to real estate professionals; the hobby loss provision; and basis, capitalization, and depreciation issues.Keywords: nonrecognition provisions; income characterization; realization of income, passive activity loss, hobby; basis, capitalization, depreciation
Affiliations:
1: Journal of Taxation of Investments.