The At Risk and Passive Activity Loss Rules – How they Impact You

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For decades, so-called "At Risk" Rules (ARR) and Passive Activity Loss (PAL) legislation have sought to prevent the spread of tax shelters. ARR limits an investor's deductible losses to the amount he or she has "at risk," while PAL has attempted to take the motivation out of mass-marketed tax shelters. Each brings layers of complexities that pose serious challenges to financial professionals today.