Because Passive Losses Are Not Deductible in Computing Either Taxable

question 60

True/False

Because passive losses are not deductible in computing either taxable income or AMTI, no adjustment for passive losses is required for AMT purposes.

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Definitions:

Conscientiousness

A personality trait characterized by organization, dependability, discipline, and a strong sense of duty.

Openness

A personality trait that involves the willingness to experience new ideas, activities, and thoughts without resistance.

Conditions Of Worth

The conditions under which individuals judge themselves worthy of the positive regard of others, as proposed by Carl Rogers in his theory of personality.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of free will, self-actualization, and psychological health.