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:

Channel

The medium through which a message is transmitted from sender to receiver, such as email, text, or face-to-face communication.

Data Consumption

The process of using or processing data by downloading, viewing, or engaging with digital content.

Mobile Devices

Portable electronic devices that have the capability of accessing the internet, such as smartphones and tablets.

Text Messaging

The act of sending short, written messages via mobile phones or other devices using SMS (Short Message Service) or similar technologies.