Question
If a loss is disallowed under passive loss rules, the loss is: Carried over indefinitely and deductible when the activity is disposed of. Both carried
If a loss is disallowed under passive loss rules, the loss is:
Carried over indefinitely and deductible when the activity is disposed of.
Both carried over indefinitely and deductible when passive income is generated and carried over indefinitely and deductible when the activity is disposed of.
Carried over indefinitely and deductible when passive income is generated.
Lost forever.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
