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How does IRC Section 1375 define net passive investment income? A. Earned income less employee business expenses B. Gross receipts from royalties, rents, dividends, or

How does IRC Section 1375 define net passive investment income? A. Earned income less employee business expenses B. Gross receipts from royalties, rents, dividends, or interest less directly connected deductions C. Investment income from real estate activities less depreciation D. Sales to customers in the ordinary course of a trade or business less business expenses

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