Dancing in the Dark

Before the 1986 Tax Reform Act (TRA), there was real concern about the extensive use of tax shelters investments in which a significant portion of the taxpayer's return is derived from tax savings. To curtail the practice, Congress included in the 1986 law Internal Revenue Code Section 469, which contains the passive loss rules1 that make it more difficult to take deductions for investment losses.

David R. Nave | Feb 01, 2008

Resources

Before the 1986 Tax Reform Act (TRA), there was real concern about the extensive use of tax shelters — investments in which a significant portion of the taxpayer's return is derived from tax savings.

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.

If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.

Questions about your account or how to access content?

Contact: [email protected]

TAGS: Archive

Hide comments

Comments

Plain text