Question: Please choose the statement that is INCORRECT regarding portfolio and passive investments? Multiple choice question. Losses from portfolio investments are deductible in full against ordinary

Please choose the statement that is INCORRECT regarding portfolio and passive investments?
Multiple choice question.
Losses from portfolio investments are deductible in full against ordinary income.
Losses from passive investments not subject to at-risk limits will be deducted at ordinary rates.
Losses from passive investments may be deducted immediately or they may have to be deferred.
Losses from portfolio investments are deferred until the investment is sold.

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