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© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to…
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© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 3 Passive Loss Rules (slide 2 of 2) In general, passive losses can only offset passive income Passive losses are also subject to the at-risk rules –Designed to prevent taxpayers from deducting losses in excess of their economic investment in an activity
