RE Professionals & Self Rented Property


M

markz23

I have a client who is considered a real estate
professional. A real estate professional is able to bypass
the $25,000 passive activity loss limit on rental
properties.

The client also has self rented property. (He rents property
to his S-corp) He is claiming a $200,000 plus loss.

A portion of the of treasury reg 1.469 states that self
rented losses are considered passive.

My question is: Does the real estate professional trump the
self rented clause? Is he able to deduct the losses in full?

Anyone have any experience with this?
 
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