property held for investment

(A)The term “property held for investment” shall include— (i)any property which produces income of a type described in section 469(e)(1), and (ii)any interest held by a taxpayer in an activity involving the conduct of a trade or business— (I)which is not a passive activity, and (II)with respect to which the taxpayer does not materially participate. (B)In the case of property described in subparagraph (A)(i), expenses shall be allocated to such property in the same manner as under section 469.

Source

26 USC § 163(d)(5)(A)


Scoping language

None: Default is title Scope
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