Examlex
Individuals who actively participate in the management of rental real property may deduct up to $25,000 in losses,subject to AGI limitations.
State Statute
Laws and regulations enacted by state legislatures that govern within the state’s borders.
LLC Members
Individuals or entities that own a part of a Limited Liability Company and have certain rights and responsibilities within the business.
Liability
A legal responsibility for one's actions or omissions, which can result in the obligation to make restitution or compensation.
Capital Contribution
A financial investment made by an owner or shareholder into a company or partnership to fund its operations or projects.
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