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Passive Losses Rental Income

McDermott Will & Emery

Taxpayer Victory Helps Trusts Holding Business and Real Estate Avoid Tax

McDermott Will & Emery on

One of the most vexing tax issues remaining unresolved since the 1986 enactment of the passive loss (PAL) rules is whether business or rental income earned by a trust can be active income and whether business or rental losses...more

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