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QUESTION 5 If a partner participates in partnership activities on a regular, continuous, and substantial basis, then the partnership's activities with respect to this individual

QUESTION 5

If a partner participates in partnership activities on a regular, continuous, and substantial basis, then the partnership's activities with respect to this individual partner are not considered passive.

True

False

QUESTION 17

Any losses that exceed the tax basis of a partner in their partnership interest are suspended and carried forward for 20 years.

True

False

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