Thank you for writing this! I heard about this through your Case Study with AICTP and I went down a research hole. Your examples helped my understanding
I stepped through regs for one SPA with $5000 of income. It discusses aggregate, but doesn't say there has to be more than one SPA. So if there is one SPA with $5000 of income that can be considered as non-passive income.
Thank you for writing this! I heard about this through your Case Study with AICTP and I went down a research hole. Your examples helped my understanding
Tom, Great piece on the SPA. Your examples help bring it home.
I stepped through regs for one SPA with $5000 of income. It discusses aggregate, but doesn't say there has to be more than one SPA. So if there is one SPA with $5000 of income that can be considered as non-passive income.
Correct.