Review the basic nature of the unique passive activity loss

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Problem - Oil and gas ventures operating as publicly traded partnerships typically attract sophisticated investors who purchase limited partnership interests. Investments in these types of publicly traded partnerships are subject to a restrictive set of passive activity loss rules. Identify three publicly traded oil and gas partnerships that are currently marketed to investors, describe the benefits the promoters claim will result from such investments, and briefly review the basic nature of the unique passive activity loss restrictions placed on such investments.

Reference no: EM132668486

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