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Which one of the following best describes the role of the at-risk rules? 1. They are part of the AMT rules. 2. The taxpayer's loss
Which one of the following best describes the role of the at-risk rules? 1. They are part of the AMT rules. 2. The taxpayer's loss deduction is limited to the amount of money he or she has at risk at the end of the year. 3. They limit the ability to use special allocations. 4. They allow the IRS to tax certain partnerships as if they were corporations
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