Once an Activity Has Been Classified as Passive,it Is Considered

question 109

True/False

Once an activity has been classified as passive,it is considered passive with regard to that taxpayer until it is sold.

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Definitions:

Solar Cell

A device that converts light energy directly into electricity by the photovoltaic effect, typically used in solar panels.

Light Energy

The form of energy visible to the human eye, produced by photons, and used in various applications ranging from vision to photosynthesis.

Proximity Sensor

A sensor that detects the presence of nearby objects without any physical contact, often used in industrial applications to detect the position of parts and materials.