In 1987, only 65 percent of their passive losses are deductible.

Corporations can offset current business income with both tax credits and passive losses.

"In our business it's a common profile - an individual who is carrying forward a passive loss."

However, for 1987 returns investment income was first reduced by passive losses.

What can those who are locked into deals with big passive losses do?

Also, people who had a lot of passive losses.

Many taxpayers fail to realize that passive losses are subject to limits.

Partnership income will be needed to utilize such passive losses.

All of the shelters produced passive losses, which under earlier law could be used to shelter personal income.

He worked like the devil to protect their passive losses in the 1986 tax bill.