By enacting ( relating to limitations on deductions for passive activity losses and limitations on passive activity credits ) to remove many tax shelters, especially for real estate investments, the Act significantly decreased the value of many such investments which had been held more for their tax-advantaged status than for their inherent profitability.

By enacting ( relating to limitations on deductions for passive activity losses and limitations on passive activity credits ) to remove many tax shelters, especially for real estate investments, the Tax Reform Act of 1986 significantly decreased the value of many such investments which had been held more for their tax-advantaged status than for their inherent profitability.

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