Court rules mortgage broker is not real estate professional, passive activity rules apply – The Tax Adviser


The Tax Adviser

Court rules mortgage broker is not real estate professional, passive activity rules apply
The Tax Adviser
During the years at issue, Kurt Hickam brokered real estate mortgages and other loans secured by real estate, both as an independent contractor and as an employee. Hickam was a licensed real estate agent, but he did not operate, develop, redevelop

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