18. LO.3 Passive activity losses are not deductible in computing either taxable income or AMTI. Explain why

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18. LO.3 Passive activity losses are not deductible in computing either taxable income or AMTI. Explain why an adjustment for passive activity losses may be required for AMT purposes.

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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