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If a loss is disallowed under passive loss rules, the loss is: Multiple Choice Lost...

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Accounting

If a loss is disallowed under passive loss rules, the loss is:

Multiple Choice

Lost forever.

Carried over indefinitely and deductible when passive income is generated.

Carried over indefinitely and deductible when the activity is disposed of.

Both carried over indefinitely and deductible when passive income is generated and carried over indefinitely and deductible when the activity is disposed of.

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