Net Investment Income Tax (REG-130507-11)

Document ID: IRS-2012-0049-0006
Document Type: Public Submission
Agency: Internal Revenue Service
Received Date: January 15 2013, at 12:00 AM Eastern Standard Time
Date Posted: January 15 2013, at 12:00 AM Eastern Standard Time
Comment Start Date: December 5 2012, at 12:00 AM Eastern Standard Time
Comment Due Date: March 5 2013, at 11:59 PM Eastern Standard Time
Tracking Number: 1jx-834f-xr13
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This is comment on Proposed Rule

Net Investment Income Tax

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For purposes of Section 1411, the determination of whether rental income of a real estate professional is derived in the ordinary course of a trade or business is important. The consequences of the determination are addressed in 26 CFR Part 1 Reg-130507-11 section 6.B.2. Please provide guidance in the form of examples to illustrate when a rental real estate professionals rental income would and would not be considered a trade or business under IRC Section 162.

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Total: 77

Comment on FR Doc # 2012-29238
Public Submission Posted: 12/12/2012 ID: IRS-2012-0049-0002