Series 7: 7.1.4 Primary Goal Of A DPP

Taken from our Series 7 Top-off Online Guide

7.1.4 Primary Goal of a DPP

Even though using losses from a DPP as a tax shelter is a possibility for investors, the primary goal of a DPP needs to be to earn money, not to lose it. Investors who set up DPPs for the sole purpose of using it as a tax shelter (in other words, the business is designed to be unprofitable) are subject to fraud cha

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