Sherri Owns an Interest in a Business That Is Not

question 95

True/False

Sherri owns an interest in a business that is not a passive activity and in which she has $20,000 at risk.If the business incurs a loss from operations during the year and her share of the loss is $32,000, this loss will be fully deductible.

---

Definitions:

Heart Disease

A broad category of illnesses that affect the heart's structure and function.

Weight Gain

An increase in body weight over time.

Sleep Deprivation

Sleep deprivation occurs when an individual gets less than the needed amount of sleep, leading to physical, emotional, and cognitive impairments.

Verbal Learning

The process by which individuals acquire, retain, and recall information and concepts through words, either spoken or written.