A ..... Participation Program is an investment venture which is designed to pass income and tax losses of the underlying investments through to investors; however, its use as a tax shelter has been egregiously lessened by tax legislation.

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A ..... Participation Program is an investment venture which is designed to pass income and tax losses of the underlying investments through to investors; however, its use as a tax shelter has been egregiously lessened by tax legislation. (*) Deemed (*) Direct (*) Partnership (*) Personal

This is a companion discussion topic for the original entry at https://english.best/questions/11923,a-___-participation-program-is-an-investment-venture-which-is-designed-to-pass-income-and-tax-losses-of-the-underlying-investments-through-to-investors-however-its-use-as-a-tax-shelter-has-been-egregiously-lessened-by-tax-legislation/