Once an Activity Has Been Classified as Passive,it Is Considered

question 109

True/False

Once an activity has been classified as passive,it is considered passive with regard to that taxpayer until it is sold.

---

Definitions:

Recall Test

A method used in memory research where participants are asked to remember and reproduce information that was previously presented to them.

Potential Customers

Individuals or organizations that are likely to purchase a company's products or services but have not yet done so.

Ads

Short for advertisements, these are promotional materials designed to attract attention and encourage consumers to buy products or services.

Sensation

The process of sensory receptors and the nervous system receiving and representing stimulus energies from our environment.