With the exception of personal service and closely-held corporations,regular corporations are not subject to the passive activity rules.

Name: With the exception of personal service and closely-held corporations,regular corporations are not subject to the passive activity rules.
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Question

Quizplus · Accepted Answer

Regular corporations, also known as C corporations, are generally not subject to passive activity loss limitations, except for personal service corporations and closely-held corporations.

With the Exception of Personal Service and Closely-Held Corporations,regular Corporations