What is a passive activity

Reference no: EM13127633

What is a Passive Activity? Why is there an active rental exception? How do you carry over/allocate rental losses? Why were these rules adopted? Should we have these rules?

Reference no: EM13127633

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What is a passive activity : What is a Passive Activity? Why is there an active rental exception? How do you carry over/allocate rental losses? Why were these rules adopted? Should we have these rules?

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