Internal Revenue Service November 28, 2011 – Federal Register Recent Federal Regulation Documents

Passive Activity Losses and Credits Limited
Document Number: 2011-30611
Type: Proposed Rule
Date: 2011-11-28
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations regarding the definition of an ``interest in a limited partnership as a limited partner'' for purposes of determining whether a taxpayer materially participates in an activity under section 469 of the Internal Revenue Code (Code). These proposed regulations affect individuals who are partners in partnerships.