For purposes of computing the phase out of the special deduction for active participation in a rental real estate activity, modified AGI does not include any passive losses in excess of the taxpayers passive income. True or false

For purposes of computing the phase out of the special deduction for active participation in a rental real estate activity, modified AGI does not include any passive losses in excess of the taxpayers passive income. True or false

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter11: Investor Losses

Section: Chapter Questions

Problem 1CPA: Which of the following statements regarding passive activity losses is true? a. A net passive...

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