A quarterly magazine from the National Association of Enrolled Agents
Spring 2024 vol.42 no.1
The Desirable (Yet Complex) Real Estate Professional Classification
Feature Article

The Desirable (Yet Complex) Real Estate Professional Classification

Being a real estate professional has its tax advantages, And the average landlord does not want to pass it up. But misusing the classification can unravel expected tax consequences. Investing in rental real estate can be a l... Thomas J. Williams, EA, and Iris K. Palma, JD

Mar/Apr 2021, Feature Article, business, MAGI, professional, participation, rental, personal service, trade, nonpassive, Tax Court, activity, property, Schedule E, real estate, landlord, modified adjusted gross income
Demystifying §199A and Rental Activities
Feature Article

Demystifying §199A and Rental Activities

I read Gil Charney’s analysis of the application of §199A to a rental activity in the September/October 2019 edition of EA Journal (“Your Questions Answered,” pp. 12-13) and I do not agree with it. In that case, I believe the taxpayer clearly qualifies to take the §199A deduction on th... Thomas A. Gorczynski, EA, CTC, USTCP

Jan/Feb 2020, Feature Article, §199A, section, rental, tax, activities, preparation, filing, business, season, TCJA, trade, Tax Cuts and Jobs Act, safe, income, harbor, return, preparers