Analysis MCQ Intro to Taxation All of the following items are included as deductible passive losses on the income tax returns of limited partnership investors EXCEPT:

All of the following items are included as deductible passive losses on the income tax returns of limited partnership investors EXCEPT:

Intro to Taxation

All of the following items are included as deductible passive losses on the income tax returns of limited partnership investors EXCEPT:

A. depletion allowances

B. intangible drilling costs

C. principal payments on secured debt

D. interest payments on secured debt

Answer: C. principal payments on secured debt

Analysis MCQ

All of the following items are included as deductible passive losses on the income tax returns of limited partnership investors EXCEPT:

All of the following items are included as deductible passive losses on the income tax returns of limited partnership investors EXCEPT:

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