What tests are applied to determine if losses should be characterized as passive?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 10:42 AM

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What tests are applied to determine if losses should be characterized as passive?

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In general losses from trade or business activities are passive unless individuals are material part...View the full answer

Taxation Of Individuals And Business Entities 2015

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