http://realtytimes.com/rtcpages/20060809_investors.htmit lacks alot of details and is somewhat confusing (as the IRS can usually be), but it gives some good general information.
i wanted to post it on here because i want some feedback from everyone.
what do you consider yourself?
who designates you as Developer, Professional, or Dealer?
The funny thing is, everyone does different things with different properties. doesn't that make it difficult to just give any one investor a blanket label?
i think if you take anything away from this article, it definitely reinforces the need for a good CPA.
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