options for 1: income, deductions, investments

options for 2: gain, loss

option 3 : earned, hobby, investment OR active, portfolio, passive

option 4: active, investment, passive

option 5: earned, investment, passive

Tax Drill - At-risk and Passive Loss Complete the statements below regarding at-risk and passive losses. to The at-risk limitation limits a taxpayer's to the amount "at risk," which is the amount the taxpayer stands if the investment becomes worthless. The passive loss rules require the taxpayer to segregate all income and losses into three categories: . In general, losses can only offset income