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A Passive Activity Includes Any Rental Activity or Any Trade

question 92

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A passive activity includes any rental activity or any trade or business in which the taxpayer does not materially participate.


Definitions:

Tubal Ligation

A surgical procedure for sterilization in which a woman's fallopian tubes are clamped and blocked or severed and sealed to prevent eggs from reaching the uterus for fertilization.

Injectable Contraceptives

Birth control methods that involve the injection of a hormone, usually progestin, to prevent ovulation and thereby pregnancy.

IUD

Intrauterine device, a form of long-term birth control that is inserted into the uterus to prevent pregnancy.

Sensation

The process of receiving information from the environment through sensory receptors and translating it into neural signals.

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