True or False If an individual actively participates in the management of a rent

Question

True or False

If an individual actively participates in the management of a rental property, he may deduct the full amount of the passive activity losses from active income, regardless of his adjusted gross income. T/F

Property held as a personal residence cannot be depreciated. T/F

The deductibility of depreciation to calculate taxable income will usually cause the effective tax rate to be lower than the actual tax rate. T/F

When the sale of a passive activity produces a capital loss and unused passive losses from previous years remain, the unused losses can be used to offset any other source of income. T/F

Explanation / Answer

my anser is 1)F 2)T 3)T 4)T

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