Examlex
Which of the following is NOT likely to be found on a webpage?
Adjusted Gross Income
An individual's total gross income minus specific deductions, used to determine taxable income and eligibility for certain tax benefits.
At-Risk Amount
The maximum amount of money an investor stands to lose in an investment, which limits loss deduction claims for tax purposes.
Passive Loss Rules
are tax rules that limit the ability to deduct losses from passive activities unless the taxpayer materially participates in the activity.
Passive Activity
Economic activities in which the investor does not materially participate, often related to rental property or businesses in which the person does not actively manage.
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