Passive Activity Losses – Part 3 of 3
Income From Self-Rented Property
It has been common tax practice for shareholders in closely held corporations to personally own the building (and sometimes equipment and vehicles as well) and rent it Short-Term Forex Trading to their corporation. For additional information on tax treatment, see the (PDF).
References/Related Topics
Passive Activity and At-Risk Rules
(PDF)
Passive Activity Loss Limitations (PDF)
Note: This page contains one or more references to the Internal Revenue Code (IRC), Treasury Regulations, court cases, or other official tax guidance. References to these legal authorities are included for the convenience of those who would like to read the technical reference material. To access the applicable IRC sections, Treasury Regulations, or other official tax guidance, visit the page. To access any Tax Court case opinions issued after September 24, 1995, visit the page of the United States Tax Court.
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