Because of this Congress believed that a rental real estate investment in which a taxpayer has significant responsibilities and which served a significant non-tax purpose should be treated differently than the activities meant to be limited under the passive loss provisions.

I don't know how other people feel but I'm sick of losing out so people with no down payment can get "credits" and downpayment assistance from taxpayers.

Maybe have to make a tax payment if their timing is bad (no escrow on hard money.)They sell with a realtor.

What does it mean in the IRS auction if they state "Only the right, title and interest of the Taxpayer in and to the property will be offered for sale."

Funny part is, if you really want to shoot people you can, just do not shoot the tax payers, they have problems with that.

Internal Revenue Code § 453 defines a dealer disposition as Any disposition of real property which is held by the taxpayer for sale to customers in the ordinary course of the taxpayer’s trade or business.

This is crazy so we as tax payers have to bail out the big 3 now:Santa ClausThe Tooth FairyEaster BunnyThis is crazy what's next a bailout for Homer Simpson!!!!!

However, I think this is a colossal mistake that the tax payer will subsidize...again.

I feel the Fed's should offer the American taxpayer who is funding all these giveaways the same (0% to .025%) rates.

They are sucking up taxpayer money.