____ 14. The basis limitation rules are applied before the at-risk and passive loss limitation rules.

Name: ____ 14. The basis limitation rules are applied before the at-risk and passive loss limitation rules.
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The basis limitation rules are applied before the at-risk and passive loss limitation rules. This is because the basis limitation determines how much loss can be deducted, while the at-risk and passive loss limitation rules determine whether or not the loss is deductible.

____ 14 the Basis Limitation Rules Are Applied Before the At-Risk