Because Passive Losses Are Not Deductible in Computing Either Taxable

question 53

True/False

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

---

Definitions:

Evolutionary Psychology

Concerns the understanding of human behavior and mind through the lens of evolutionary processes, proposing that many psychological traits are evolved adaptations.

Family Finances

The management of money and financial decisions within a family unit, including budgeting, savings, investments, and spending.

Control

The power to influence or direct people's behavior or the course of events.

Evolutionary Psychology

An approach in psychology that examines psychological traits through the lens of natural selection and adaptation.