A 2003 federal district court case has focused attention on whose involvement counts for purposes of determining whether the material participation requirement is met for passive loss purposes in the case of a trust. That question is highly relevant for any taxpayer but is particularly important for a trust inasmuch as the trustee may not be the sole contributor to material participation.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.