Which of the following is true for passive activity losses? a) They are not at...
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Accounting
Which of the following is true for passive activity losses? a) They are not at all deductible b) They stem from the conduct of an activity in which the taxpayer engages with the intent to earn a profit c) They stem from the conduct of an activity in which the taxpayer engages without the intent to earn a profit d) They are triggered by the disposition of an asset I chose a) but got the wrong answer. Thanks for helping me answer this question.
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You can see the logs in the Dashboard.