Passive Activity Losses & Loss Limitations
Passive activity losses refer to financial deficits incurred in activities in which the taxpayer does not materially participate, often restricted in their current-year deductibility and subject to loss limitation rules aimed at deferring such losses to offset passive income in future tax years.
Lesson Videos
Passive Activity Losses & Loss Limitations Overview
Introduction to Passive Activity Losses and Loss Limitations
Recourse vs. Nonrecourse Liabilities
Tax Basis vs. At-Risk Basis
Types of Income
Capital Losses
Passive Activity Losses and Limitations
Passive Activity Losses & Loss Limitations Summary
Passive Activity Losses & Loss Limitations - Practice Questions
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