Monthly Archives: November 2020

Construction business owners are provided an easier path to deducting rental loses by utilizing the real estate professional election

November 25, 2020

Taxpayers with rental activities have incentive to qualify as a real estate professional: if qualifications are met, rental losses that would typically be trapped can be used to offset other business income. However, strict rules exist to qualify and achieving this designation has proved difficult for many. Fortunately, taxpayers in the construction trade may be […]