An S Corporation Shareholder's Allocable Share of Business Income That

question 122

True/False

An S corporation shareholder's allocable share of business income that is determined to be from a passive activity is considered net investment income for purposes of the Net Investment Income tax.

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Definitions:

Oxygen Deprivation

A condition also known as hypoxia, where there's a deficiency in the amount of oxygen reaching the body's tissues, which can cause various health issues.

Cesarean Delivery

A medical operation that involves making cuts in the mother's abdomen and uterus to bring a baby into the world.

Breech Position

A term referring to a fetal position within the womb where the baby's feet or buttocks are positioned to be delivered first, instead of the head.

Very-Low-Birth-Weight (VLBW)

Refers to babies born weighing less than 1500 grams (3.3 pounds).