Usual tax treatment for a passive activity loss


What is the usual tax treatment for a Passive Activity Loss ?

a. The loss can be applied to offset Passive Activity income.

b. Only $3,000 per year may be deducted

c. Only $25,000 per year may be deducted.

d. The loss is fully deductible.

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Accounting Basics: Usual tax treatment for a passive activity loss
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