[FOM] Logic?

[Bob Wolf]

      I thought the following might amuse some of you.
It's from page 53 of the current California tax
booklet:

"Use Form FTB 3801, Passive Activity Loss Limitations,
to figure the total adjustment for line 17 if you
have:

** One or more passive activities that produce a loss,
or

** One or more passive activities that produce a loss
AND any nonpassive activity reported on federal
Schedule E."

                  Bob Wolf


 
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