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Q- A husband and wife business venture can elect out of the partnership rules for Federal tax purposes if: a-The husband and wife are the
Q- A husband and wife business venture can elect out of the partnership rules for Federal tax purposes if: a-The husband and wife are the only members of the venture. b- The activity involves the conduct of a trade or business. c- Both spouses materially participate in the business. d- The spouses both make the election and file a joint return for the year. e-All of the above.
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