This article lays out the steps for determining whether a taxpayer qualifies as a real estate professional.
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March 2017 - The Tax Adviser
- Magazine
- March 2017

GAINS & LOSSES
INDIVIDUALS
Current Developments in Taxation of Individuals
A number of recent significant developments affect
taxation of individuals.
Tax Clinic
DEPRECIATION
PRACTICE & PROCEDURES
COLUMNS
NEWS NOTES
STATE & LOCAL TAXES
TAX PRACTICE MANAGEMENT
PERSONAL FINANCIAL PLANNING
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.