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What are the implications of treating losses as passive? (Check all that may apply) Losses are applied against ordinary income. Losses may not be applied
What are the implications of treating losses as passive?
(Check all that may apply)
Losses are applied against ordinary income. | ||
Losses may not be applied against ordinary income if the loss is from a passive activity. | ||
Passive losses can only be netted against passive income. | ||
Passive losses are carried forward until there is passive income or until the investment is sold. |
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