The at-risk and passive loss rules operate so as to affect the character of gain or loss on the sale of an investment activity.

Name: The at-risk and passive loss rules operate so as to affect the character of gain or loss on the sale of an investment activity.
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Question

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The at-risk and passive loss rules limit the amount of loss a taxpayer can deduct in a given year from an investment activity, but they do not affect the character of the gain or loss on the sale of the investment.

The At-Risk and Passive Loss Rules Operate So as to Affect