16 April 1998 - passive activity loss

Jay Scott : Daily Whale : archive : 1998 : 16 April 1998
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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


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