A loss from a passive activity is fully deductible as long as the taxpayer has sufficient tax basis in the activity.

Name: A loss from a passive activity is fully deductible as long as the taxpayer has sufficient tax basis in the activity.
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A loss from a passive activity is generally not fully deductible due to passive activity loss rules, which limit the deduction to the amount of income generated from passive activities, regardless of the taxpayer's tax basis in the activity.

A Loss from a Passive Activity Is Fully Deductible as Long