| 000 -LEADER |
|---|
| fixed length control field |
00884nam a22001457a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
|---|
| control field |
20230422083621.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
230422b ||||| |||| 00| 0 eng d |
| 041 ## - LANGUAGE CODE |
|---|
| Language code of text/sound track or separate title |
eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Preferred name for the person |
Kirk, David |
| Relator term |
author |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Mortgage broker is not a real estate professional |
| 264 #4 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Date of publication, distribution, etc |
2018 |
| 520 #3 - SUMMARY, ETC. |
|---|
| Summary, etc |
The article discusses the court case in which independent contractor Kurt Hickam claimed rental real estate loss deductions on his 2011 and 2012 tax returns for the properties he owns and by his family members. The U.S. Internal Revenue Service (IRS) found that the passive activity loss rules should be applied. The court ruled that Hickam's mortgage brokerage services and loan origination services were not qualified as real property trades or businesses under Sec. 469(c)(7)(C) |
| 773 ## - HOST ITEM ENTRY |
|---|
| Title |
Journal of Accountancy |
| Main entry heading |
Jan2018, Vol. 225 Issue 1, pages 56 - 56 |
| 942 ## - ADDED ENTRY ELEMENTS |
|---|
| Source of classification or shelving scheme |
|
| Item type |
JOURNAL ARTICLE |