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Which of the following regarding active income, passive income, and portfolio income is true? Check all that apply. Select one or more: a. Income from
Which of the following regarding active income, passive income, and portfolio income is true? Check all that apply. Select one or more: a. Income from the operation of a limited partnership is passive income O b. Incomes from stocks, bonds, annuities are portfolio income O c. In general, rental income is passive income d. Wages, salaries, commissions, and tips are active income O e. The rules regarding active income, passive income, and portfolio income affect only individual taxpayers, trusts, estates, personal service corporations, and closely-held corporations f. Self-employment income is always active income g. Business income from partner's investment in the partnership interest is portfolio income 0 h. A taxpayer's royalty income generated from licensing of the intellectual property developed in the trade or business activities is passive income O i. Losses from passive activities are never deductible Which of the following regarding active income, passive income, and portfolio income is true? Check all that apply. Select one or more: a. Income from the operation of a limited partnership is passive income O b. Incomes from stocks, bonds, annuities are portfolio income O c. In general, rental income is passive income d. Wages, salaries, commissions, and tips are active income O e. The rules regarding active income, passive income, and portfolio income affect only individual taxpayers, trusts, estates, personal service corporations, and closely-held corporations f. Self-employment income is always active income g. Business income from partner's investment in the partnership interest is portfolio income 0 h. A taxpayer's royalty income generated from licensing of the intellectual property developed in the trade or business activities is passive income O i. Losses from passive activities are never deductible
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