Question: Passive activity losses are not deductible in computing either taxable income or AMTI. Explain why an adjustment for passive activity losses may be required for

Passive activity losses are not deductible in computing either taxable income or AMTI. Explain why an adjustment for passive activity losses may be required for AMT purposes.

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18. LO.3 Passive activity losses are not deductible in computing either taxable income or AMTI. Explain why an adjustment for passive activity losses may be required for AMT purposes.

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