When a Taxpayer Disposes of a Passive Activity by Death

question 32

Essay

When a taxpayer disposes of a passive activity by death, what happens to any unused passive losses?

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Definitions:

Individual Therapy

A therapeutic approach in which a therapist sees a client alone for sessions that may last from 15 minutes to 2 hours.

Relationship Conflicts

Disputes or disagreements between individuals in a relationship, which can be interpersonal or intimate, often requiring communication and problem-solving skills to resolve.

Electroconvulsive Therapy (ECT)

A psychiatric treatment in which seizures are electrically induced in patients to provide relief from severe mental disorders, particularly major depression.

Brain Seizure

A sudden, uncontrolled electrical disturbance in the brain, potentially causing changes in behavior, movements, feelings, and levels of consciousness.