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List the taxpayers that are subject to the passive activity loss rules and summarize the general impact of these rules on these taxpayers.
Q1: Andrew acquires 2,000 shares of Eagle Corporation
Q10: Phil and Audrey,husband and wife,both are employed
Q23: Elvis owns all of the stock of
Q66: Intangible drilling costs must be capitalized and
Q67: Kendra owns a home in Atlanta.Her company
Q89: Personal expenditures that are deductible as itemized
Q92: During 2017,Barry (who is single and has
Q138: Abby sells real property for $300,000.The buyer
Q256: Liz,age 55,sells her principal residence for $600,000.She
Q263: Katrina,age 58,rented (as a tenant) the house