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