Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
United States Internal Revenue Code section
|
| gptkbp:appliesTo |
estates
individual taxpayers trusts closely held C corporations personal service corporations |
| gptkbp:codifiedIn |
gptkb:26_U.S.C._§_469
|
| gptkbp:defines |
material participation
passive activity |
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforcedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:excludes |
real estate professionals
active participation in rental real estate certain closely held corporations |
| https://www.w3.org/2000/01/rdf-schema#label |
Section 469
|
| gptkbp:limitation |
deductibility of passive activity losses
use of passive activity credits |
| gptkbp:partOf |
gptkb:Internal_Revenue_Code
|
| gptkbp:purpose |
prevent tax shelter abuse
|
| gptkbp:relatedTo |
passive activity credit
passive activity loss |
| gptkbp:startDate |
tax years beginning after December 31, 1986
|
| gptkbp:bfsParent |
gptkb:29_U.S._Code_Chapter_11
|
| gptkbp:bfsLayer |
6
|