TTsOTD (Tax Tips O' The Day)
Date: Mon, 15 Apr 96 17:48:31 -0700
From: Peter Langston <psl>
Subject: TTsOTD (Tax Tips O' The Day)
Activity Loss Limitation ...
"Passive activity income does not include the following: Income for an
activity that is not a passive activity."
From the IRS training manual for tax auditors ...
"You will find it a distinct help ... if you know and look as if you know
what you are doing."
© 1996 Peter Langston