A Loss Must First Be Allowed Under the Passive Activity

question 33

True/False

A loss must first be allowed under the passive activity loss rules and then must pass through the at-risk rules in order to ultimately be deducted on the tax return.

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Definitions:

Compulsory Heterosexuality

The societal assumption and enforcement of heterosexuality as the norm, to the exclusion of other sexual orientations.

Heteronormativity

A cultural bias in favor of opposite-sex relationships and identities, assuming this to be the only normal and natural option for all individuals.

Heterosexuality

A sexual orientation characterized by an attraction to people of the opposite sex.

Asexual

A person who does not experience sexual attraction to any group of people.