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Two Separate Business Operations Conducted at the Same Location May

question 37

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Two separate business operations conducted at the same location may be treated as separate activities under the passive activity rules.


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Representative

An individual who acts on behalf of another person or group, often in a professional context to express or defend interests.

Reliable

Describes something or someone that consistently performs or behaves in a predictable and dependable manner.

Valid

Something that is logically sound, well-founded, or acceptable as per current laws or principles.

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