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Why Did Congress Enact Restrictions and Limitations on Losses from Passive

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Why did Congress enact restrictions and limitations on losses from passive activities?


Definitions:

Initiation Rite

A formal ceremony or series of actions conducted to induct an individual into a new role, status, or society.

New Status

A term indicating an updated or changed position, condition, or standing of an individual, group, or entity within a social, economic, or relational context.

Virtual Communities

Are bounded patterns of interaction and exchange that exist online, independently of time and space.

Computer-Mediated Communities

Online communities formed through the use of computers and internet technologies, allowing people to communicate and share interests across geographical boundaries.

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