Which of the Following Is Not Generally Classified as a Passive

question 526

Multiple Choice

Which of the following is not generally classified as a passive activity?

• A) rental real estate
• B) a limited partnership interest
• C) an activity in which the taxpayer does not materially participate
• D) a business in which the taxpayer owns an interest and works 1,000 hours a year

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Definitions:

Kaiser Permanente

An American integrated managed care consortium, which provides health care services and health plans.

Labor-Management Partnership

Cooperative working relationships between labor unions and management teams aimed at improving organizational performance, addressing workplace issues, and benefiting both employees and employers.

Employee Involvement

A workplace strategy aiming to increase employee participation in the company's decision-making processes, enhancing job satisfaction and productivity.

U.S. Labor Law

A collection of federal and state laws regulating the relationship between employers, employees, and unions, including rights to organize and negotiate collective agreements.