The enactment of the passive loss rules has generally diminished the attractiveness of tax shelters as investments.

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The enactment of the passive loss rules has generally diminished the attractiveness of tax shelters as investments. However, rental real estate continues to provide a viable tax shelter for certain taxpayers. Explain why this is true.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:15 AM

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The enactment of the passive loss rules has generally diminished the attractiveness of tax shelters as investments.

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Although individuals are not allowed to deduct net passive losses against other forms of income two exceptions to this general rule are provided for r...View the full answer

Concepts In Federal Taxation

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