Passive Activity Loss Rules for Trusts Carrying on a Business

Thumbnail Image
Date
2011-07-08
Authors
Harl, Neil
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Research Projects
Organizational Units
Organizational Unit
Iowa State University Digital Repository
The Iowa State University Digital Repository is the open access institutional repository for the university to collect, manage, share, and preserve free, worldwide access to research and scholarship of Iowa State faculty, staff, and students. Material in the Digital Repository covers a wide range of disciplines from engineering to social sciences to arts and humanities.
Journal Issue
Is Version Of
Versions
Series
Abstract

The striking increase in the use of trusts in recent years in owning farmland1 has focused attention on passive activity rules applicable to trusts particularly when the trust is used in farm and ranch estate (and business) planning if a business is carried on by the trust.2 A 2003 United States District Court case3 has cast a bright light on the fact that the Department of the Treasury has yet to issue regulations governing trusts in a setting where passive activity losses have been incurred.

Comments
Description
Keywords
Citation
DOI
Source
Copyright
Collections