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What are passive activities? How are they reported on the K-1? What limitations exist regarding passive activities? What is a partner's basis in a partnership?

What are passive activities?

How are they reported on the K-1?

What limitations exist regarding passive activities?

What is a partner's basis in a partnership?

What affects the basis?

how is partnership activity, as well as partner's individual activity reported?

Who is this information reported to?

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