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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:

Sensation Seeking

The tendency to pursue sensory pleasure and excitement, often involving a higher risk of dangerous activities.

Anti-Social Risk

The potential for an individual to engage in behavior that is harmful or detrimental to society or social norms.

Disinhibition

The reduction of inhibition in behavior, often resulting in actions that are uncharacteristic or forbidden.

Uninhibited Social

Describes a state or behavior where an individual interacts freely and openly without self-consciousness or restraint.

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