strongsilence
Level 11
10-13-2022
02:36 PM
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"Do you know if at-risk and basis for each passive investment are required for a RE professional who has elected to group passive activities? "
After more reading on this topic, I think the answer is that basis and at-risk calculation ARE required. Because activities can be grouped and regrouping are allowed, there is a possibility that an activity will be separate. Once separated losses will then be subject to basis and at-risk limits. Therefore, with that possibility, basis and at-risk calculation would be a good idea.