Tax Court Rulings on Real Estate Professional Status, Passive Activity Losses, Deductions, and Hobby Losses Table of Contents Real Estate Professional Status & Passive Activity Losses Deduction Substantiation: “Ordinary and Necessary” Expenses Hobby Losses: Activity Not-for-Profit Depreciation and Basis Issues Conclusion & Actionable Insights 1. Real Estate Professional Status & Passive Activity Losses IRS.gov Reference: Passive Activity […]