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Which of the following is true regarding passive losses? O They may not be used to offset passive income. O They may be used to

Which of the following is true regarding passive losses? O They may not be used to offset passive income. O They may be used to offset portfolio income. O They often result from the rental of real estate. O They are lost forever if not used in the year incurred.
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Which of the following is true regarding passive losses? They may not be used to offset passive income. They may be used to offset portfolio income. They often result from the rental of real estate. They are lost forever if not used in the year incurred

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