Multiple Choice
If a loss is disallowed under passive loss rules, the loss is:
A) Lost forever.
B) Carried over indefinitely and deductible when passive income is generated.
C) Carried over indefinitely and deductible when the activity is disposed of.
D) Both Carried over indefinitely and deductible when passive income is generated and Carried over indefinitely and deductible when the activity is disposed of.
Correct Answer:
Verified
Correct Answer:
Verified
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