Question: 9 . a . What is a passive activity? b . Who is subject to the passive loss limitation rules? 2 0 . Compare and

9. a. What is a passive activity?
b. Who is subject to the passive loss limitation
rules?
20. Compare and contrast the computational rules
for deducting casualty losses on personal-use
property with casualty losses incurred on busi-ness or investment property.

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