Question: The first step that must be completed to determine the amount of a taxpayer's allowable losses when they have multiple passive activities is to figure

The first step that must be completed to determine the amount of a taxpayer's allowable losses when they have multiple passive activities is to figure their:

A) Allowable loss from rental real estate activities with active participation.

B)Allowable loss from rental real estate activities with significant participation.

C)Allowable loss from trade or business activities with material participation.

D)Income or loss from each separate activity in the usual manner.

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