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.
give me a clue so sweet and true
copyright 1998, 2024 Jay J.P. Scott
<jay@satirist.org>