Which oft he following is not a passive activity? a. Owning a limited partnership interest in an
Question:
Which oft he following is not a passive activity?
a. Owning a limited partnership interest in an oil and gas limited partnership
b. Having rental residential properties
c. Owning a business and not materially participating
d. Being a material participant in a small-tool rental business (averaging three days use)
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Answer The activity that is not considered a passive activity is c Owning a business and n...View the full answer
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Related Book For 
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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