1. Generally, losses from rental activities are considered to be passive activity losses. True or False

2. The phrase ordinary and necessary means that an expense must be appropriate and helpful for generating a profit. True or False

3. Self-employed taxpayers can deduct for AGI the cost of health insurance as long as they are not eligible to participate in their spouses employer-provided health plan. True or False

4. All reasonable moving expenses are generally deductible. True or False

5. A loss from a passive activity is fully deductible as long as the taxpayer has sufficient tax basis in the activity. True or False