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c. What happens to loss 10. Passive Activities. (Obj. 3) a. What types of trade or business activities are considered passive activities? b. Distinguish

c. What happens to loss 10. Passive Activities. (Obj. 3) a. What types of trade or business activities are considered passive activities? b. Distinguish between material participation and active participation in rental activities. Explain the significance of this difference. c. Under the passive activity loss rules, how are dividend income and interest income treated? Can passive losses offset dividend and interest income?

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