What Does Passive Loss Rules Mean?

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What does Passive Loss Rules mean? Read on to discover the definition & meaning of the term Passive Loss Rules - to help you better understand the language used in insurance policies.

Passive Loss Rules

Passive Loss Rules

Passive loss rules are Internal Revenue Service regulations that state that business losses from passive activities can only be declared against passive business income.

We hope the you have a better understanding of the meaning of Passive Loss Rules.

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