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FINDLAW LEGAL DICTIONARY

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At-Risk Rule

at-risk rule n

: 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



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.