Question: Christine and Frank are a married couple who file jointly. They have passive losses from another activity that they own. Christine is an attorney who owns 100% of the stock of her incorporated legal practice. She and her husband Frank are considering the purchase of an office building. Christine would occupy one of the offices in the building, and she could rent out the remaining offices to generate rental income. The rental income could then be offset by the passive losses created by the other passive activity. What do you think of the plan?