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  3. Study Set
    Fundamentals of Taxation
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    Exam 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
  5. Question
    Two Equal Partners Involved in a Passive Activity with Identical
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Two Equal Partners Involved in a Passive Activity with Identical

Question 68

Question 68

True/False

Two equal partners involved in a passive activity with identical passive losses from that activity may be allowed to deduct different amounts of the losses on their own tax returns.

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