16 April 1998 - passive activity loss
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If you do find out what a “passive activity loss” is,
don’t tell me, tell your tax preparer.
Let’s keep it on a Need to Know basis.
clue:
“Need to Know” is one of those national security euphemisms,
useful for hiding dangerous facts from enemy agents and
inconvenient facts from friendly journalists.
take oh take this clue away
copyright 1998, 2024 Jay J.P. Scott
<jay@satirist.org>