For tax years before 2018, if these expenses exceed the gross income from the activity and are thus limited, the sequence in which they are deductible is: a. (1), (3), (2). b. (2), (3), (1). c. (3), (2), (1). d. (1), (2), (3).

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For tax years before 2018, if these expenses exceed the gross income from the activity and are thus limited, the sequence in which they are deductible is:  a. (1), (3), (2).  b. (2), (3), (1).  c. (3), (2), (1).  d. (1), (2), (3).

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