Question
Which of the following is considered nonpassive income? Income from a trade or business in which the taxpayer does not materially participate. Ordinary income a
Which of the following is considered nonpassive income?
Income from a trade or business in which the taxpayer does not materially participate.
Ordinary income a limited partner receives from a partnership they only invested in, and do NOT participate in.
Rental income.
Portfolio income: Interest, dividends, annuities, and royalties.
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
