Tag: material participation


To deduct business losses, you may have to prove “material participation”

You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only be used to offset income from other passive activities. Any … Read More »

July 19th

Tax Department, Tax Planning. Comments Off on To deduct business losses, you may have to prove “material participation”

HOBERMAN & LESSER, LLP