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Have a Piece of the Booming Buffalo Real Estate Market?

Posted by The Dopkins Tax Advisory Group

May 19, 2015 11:00:00 AM

It is an exciting time in the Nickel City with the weather finally turning and the continued momentum of downtown development.  While large scale real estate developers garner most of the headlines, there are many entrepreneurial minded investors taking on small projects of their own and holding rental real estate throughout the city.  Whether it is a commercial building in the Larkin District, or a duplex in North Buffalo, a taxpayer may be able to avoid passive loss rules if they meet IRS guidelines to be treated as a real estate professional. Interested?

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Topics: passive loss, buffalo real estate, net investment income, buffalo, real estate professional

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