Passive activity
https://falconcpa.com/wp-content/themes/osmosis/images/empty/thumbnail.jpg 150 150 speakeasy speakeasy https://secure.gravatar.com/avatar/1ee8bd3c861e30321e8b5e706cf7b0e5?s=96&d=mm&r=gQuestion: What’s a “passive activity” loss? Answer: The complicated “passive activity rules” were created to curb a growing abuse by taxpayers who were using tax-shelter losses to offset ordinary income (wages, interest, dividends, etc.). Passive investments include real estate, limited partnerships, and other businesses in which a taxpayer doesn’t play an active role. The rules…
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