Passive losses are fully deductible as long as they do not exceed $50,000 during the year.

Name: Passive losses are fully deductible as long as they do not exceed $50,000 during the year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Passive losses can only be deducted up to the amount of passive income earned during the year. Any excess losses are carried forward to future years. There is no limit of $50,000 for deducting passive losses.

Passive Losses Are Fully Deductible as Long as They Do