Which of the Following Is Not Generally Classified as a Passive

question 71

Multiple Choice

Which of the following is not generally classified as a passive activity?

• A)an activity in which the taxpayer does not materially participate
• B)a limited partnership interest
• C)rental real estate
• D)a business in which the taxpayer owns an interest and works 1,000 hours a year

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Definitions:

Stages

Distinct phases or periods within a process or lifecycle, characterized by specific features or activities.

Novel Ideas

Original, innovative concepts that have not been thought of before.

Innovation

The introduction of something new, such as an idea, method, or device.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive work unit to accomplish organizational goals.