The passive activity loss rules require income/loss items to be separated into two categories: active income/loss and passive income/loss.
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Q1: "Active participation" is a much more difficult
Q2: Libby owns and operates Mountain View Inn,a
Q3: If a limited partner materially participates in
Q4: The term "passive activity" includes any activity
Q6: Most real estate debt meets the requirements
Q9: Tax preference items can be either positive
Q10: A taxpayer's share of nonrecourse debt is
Q11: Clio's hot dog stand is only open
Q15: The general rule concerning passive losses is
Q20: If a taxpayer disposes of a passive
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