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Old 01-06-2009, 11:09 PM
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Join Date: Jan 2009
Posts: 12
Could you please explain what are the Passive Loss Rules?

I find this topic quite bewildering, and would appreciate it if you could kindly explain what the Passive Loss rules are and how it affects my business activities from my non-business activities. Can I deduct losses from my non-business activities from the profits from my active business?

Thanks so much!

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