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QUESTION 16 Income and loss can be characterized as: Active Portfolio Passive All of the above None of the above QUESTION 17 The computation of

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QUESTION 16 Income and loss can be characterized as: Active Portfolio Passive All of the above None of the above QUESTION 17 The computation of Alternative Minimum Tax begins with taxable income True False QUESTION 18 Passive losses are losses from trade or business activities in which the taxpayer does not materially participate and certain rental activities True False QUESTION 19 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Com

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