Under the passive activity rules, income and losses are categorized as active, passive or portfolio. You are to indicate the appropriate category for each of the following items of income or loss by writing the classification on the line:

A. Dividend income ______________________

B. Net business profit from an S corporation allocated to shareholder T. T devoted no time to the corporations business during the year while several others made all of the business decisions___________________

C. G was the only one involved with her sole proprietorship business ______________

D. N owned several unfurnished duplexes that produced rental income. All tenants have one year leases. N devoted 550 hours to overseeing the rentals. The rental activity produces a net profit _____________________ E. Net long-term capital gains from selling publicly traded stock _____________