Examlex
Write the expression as a single term, factored completely. Do not rationalize the denominator.
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Passive Activities
Economic activities in which the individual does not materially participate, often resulting in income or losses for tax purposes.
Passive Income
Income resulting from rental property, limited partnerships, or other enterprises in which a person is not actively involved.
Personal/Rental Property
Property owned by an individual that may be used for personal enjoyment or rented out to generate income.
Flow-Through Entities
Business entities that pass income directly to owners or investors, avoiding corporate income tax.
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