Which Person Would Generally Be Treated as a Material Participant

question 123

Multiple Choice

Which person would generally be treated as a material participant in an activity?

• A)A participant in a rental activity
• B)A limited partner
• C)An LLC member not involved with management of the LLC
• D)A general partner

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income, assets, or transactions.