§469. Passive activity losses and credits limited — Inbound Citations
26 U.S.C. § 469
Cited by 24 provisions in release 119-102.
Citations to 26 U.S.C. § 469 as a whole
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(b) In computing the alternative minimum taxable income of the taxpayer for any taxable year, section 469 shall apply, except that in applying section 469—(2) in lieu of applying section 469(j)(7), the passive activity loss of a taxpayer shall be computed without regard to qualified housing interest (as defined in section 56(e)).
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(B) For purposes of sections 85(c), 86, 135, 137, 219, 221, and 469, adjusted gross income shall be determined after the application of paragraph (1) and before the application of subparagraph (A).
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(ii) any interest which is taken into account under section 469 in computing income or loss from a passive activity of the taxpayer.
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(D) Investment income and investment expenses shall not include any income or expenses taken into account under section 469 in computing income or loss from a passive activity.
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(C) any interest which is taken into account under section 469 in computing income or loss from a passive activity of the taxpayer,
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(C) for purposes of applying sections 465 and 469 to the beneficiary of the trust, the disposition of the S corporation stock by the trust shall be treated as a disposition by such beneficiary.
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(A) a passive activity (within the meaning of section 469) with respect to the taxpayer, or
Citations to §469(a)(2)
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(ii) is described in section 469(a)(2), and
Citations to §469(b)
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(F) Any passive activity loss or credit carryover of the taxpayer under section 469(b) from the taxable year of the discharge.
Citations to §469(c)
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(B) any other activity consisting of farming which is a passive activity (within the meaning of section 469(c)).
Citations to §469(c)(7)(C)
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(B) For purposes of this paragraph, the term “electing real property trade or business” means any trade or business which is described in section 469(c)(7)(C) and which makes an election under this subparagraph. Any such election shall be made at such time and in such manner as the Secretary shall prescribe, and, once made, shall be irrevocable.
Citations to §469(e)(1)
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(i) any property which produces income of a type described in section 469(e)(1), and
Citations to §469(e)(1)(B)
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(3) A rule similar to the rule of section 469(e)(1)(B) shall apply for purposes of this subsection.
Citations to §469(g)
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(2) If during the taxable year a taxpayer disposes of the taxpayer’s entire interest in tax-exempt use property (or former tax-exempt use property), rules similar to the rules of section 469(g) shall apply for purposes of this section.
Citations to §469(h)
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(B) For purposes of subparagraph (A), a qualified low-income housing project is described in this subparagraph if a qualified nonprofit organization is to own an interest in the project (directly or through a partnership) and materially participate (within the meaning of section 469(h)) in the development and operation of the project throughout the compliance period.
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(C) If the taxpayer materially participates (within the meaning of section 469(h)) in an activity, this paragraph shall not apply to any amount allowable as a deduction under section 174(a) or 174A(a) for expenditures paid or incurred in connection with such activity.
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(B) The term “active qualified trade or business” means, with respect to any taxpayer for any taxable year, any qualified trade or business of the taxpayer in which the taxpayer materially participates (within the meaning of section 469(h)).
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(B) both spouses materially participate (within the meaning of section 469(h) without regard to paragraph (5) thereof) in such trade or business, and
Citations to §469(j)(7)
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(2) in lieu of applying section 469(j)(7), the passive activity loss of a taxpayer shall be computed without regard to qualified housing interest (as defined in section 56(e)).
Citations to §469(k)
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(i) the passive activity loss of such partner which is separately determined with respect to such partnership under section 469(k) with respect to such partner’s taxable year in which or with which the reviewed year of such partnership ends, or
Citations to §469(k)(2)
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(A) In the case of a publicly traded partnership (as defined in section 469(k)(2)), such procedures shall provide—(i) for determining the imputed underpayment without regard to the portion of the adjustment that the partnership demonstrates is attributable to a net decrease in a specified passive activity loss which is allocable to a specified partner, and(ii) for the partnership to take such net decrease into account as an adjustment in the adjustment year with respect to the specified partners to which such net decrease relates.