000			01095nam a22001577a 4500
005			20241011094221.0
008			241011b ph ||||| |||| 00| 0 eng d
040			_cOCT
100			_aLau, Celia
240			_aJournal of Accountancy / _hSeptember 2023
245			_aPassive loss limitations on rental real estate : _bTaxpayers can recognize losses, but only in the circumstances discussed / _cCelia Lau
300			_aVol 236 (3) pages 20-25 : _billustrations ; _c28 cm
500			_aAs the popularity of short-term rentals through services such as Airbb and Vrbo continues, CPAs more often face questions from their tax clients of how rental income and expenses are treated for tax purposes. Those with losses from the activity may expect it will offset other taxable income. Thus, it is critical for tax practitioners to educate these clients regarding the Sec. 469 passive activity loss limitation rules and their exceptions. CPAs can then proactively advise them how to maximize tax benefits where opportunities exist and minimize surprises come tax time.
650			_aTax
942			_2ddc _cCR _n0
999			_c9762 _d9762