Quote:
Originally Posted by Fuss
......Old law was that you could only off-set passive losses with passive income. Under the new law, you can offset your MAIN income, (non-passive)....
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Your understanding of the new tax law is 100% incorrect. The passive loss rules were not changed to allow an offset against other income. You should delete your post so other uninformed people don't use it as a reason to make a horse buying decision.