In General,losses from Passive Activities May Be Deducted Only to the Extent

question 57

True/False

In general,losses from passive activities may be deducted only to the extent that there is passive income.

---

Definitions:

Employment Opportunities

Job openings available in the market that people can apply for and get employed.

Training Opportunities

Programs or initiatives designed to enhance the skills and knowledge of individuals, often provided by employers, education institutions, or government organizations.

Labor Market

The supply of available workers in relation to the demand for their services by employers.

Supply and Demand

Fundamental economic model that describes how the price and quantity of goods and services are determined in a market.