Question: Which step must be completed first to determine allowable losses when a taxpayer has multiple passive activities? Figure allowable loss from other passive activities Figure

Which step must be completed first to determine allowable losses when a taxpayer has multiple passive activities?


Figure allowable loss from other passive activities

Figure allowable loss from rental real estate activities with active participation

Figure income or loss from each separate activity in the usual manner

Figure the allowable loss from rental real estate activities with significant participation

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