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quiz 9d - 1(T/F The passive activity loss rules limit a...

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1. (T/F)  The passive activity loss rules limit a partnership’s ability to pass through  items to its members. Response: FALSE Answer: FALSE  Points: 1 / 1 2. (T/F)  Any loss limited by a partner’s basis is carried forward, and can only be  deducted in the future when the partner receives additional basis Response: TRUE Answer: TRUE  Points: 1 / 1 3. (T/F)  Any loss limited by a partner’s amount at risk is carried forward, and can  only be deducted in the future when the partner receives additional amount at  risk Response: TRUE Answer: TRUE  Points: 1 / 1 4. (T/F)  Any loss limited by a partner’s PAL limit is carried forward, and can only be  deducted in the future when the partner receives additional income from passive  activities. Response: FALSE Answer: FALSE  Points: 1 / 1
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