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A typical example of a passive activity is an interest in a: Limited partnership in which the partner does NOT materially participate in the business

A typical example of a passive activity is an interest in a:

Limited partnership in which the partner does NOT materially participate in the business activities.

Partnership in which only limited partners pay tax on the partnership's income.

Limited partnership in which the partner materially participates in the business activities.

General partnership in which the partner materially participates in the business activities.

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