at-risk rule

noun

Legal Definition of at-risk rule

: any of several rules enacted by the Tax Reform Act of 1976 that restrict the deduction from income a taxpayer may take for a loss to the amount for which the taxpayer is personally liable

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“At-risk rule.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/at-risk%20rule. Accessed 24 Nov. 2020.

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