Recharacterizations in the Tax World: Cause for Surprise

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dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T06:40:37.000
dc.date.accessioned 2020-06-29T22:57:52Z
dc.date.available 2020-06-29T22:57:52Z
dc.date.embargo 2017-12-20
dc.date.issued 2015-06-05
dc.description.abstract <p>Although the first major curbs on deductibility of passive activity losses and credits were enacted in 1986 as part of the Tax Reform Act of 1986,1 the rules on “recharacterizations” were not enacted until 1987 in the Revenue Act of 19872 which gave authority to the Secretary of the Treasury to prescribe regulations “. . . requiring net income or gain from a limited partnership or other passive activity to be treated as not from a passive activity.”3 Those regulations were adopted in 1992.4 The “recharacterization” rules are outlined in the regulations.</p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol26/iss12/1/
dc.identifier.articleid 2280
dc.identifier.contextkey 11280189
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol26/iss12/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3760
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol26/iss12/1/AgLawDigest_v26n12_01.pdf|||Fri Jan 14 17:51:24 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Recharacterizations in the Tax World: Cause for Surprise
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isJournalIssueOfPublication 704294a1-c744-4492-9e16-6ca16f9d62e2
relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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