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Author Question: A closely held C corporation's passive losses may offset its portfolio income. (Read 48 times)

jlmhmf

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on: Sep 13, 2020

Question 1

Which of the following is not generally classified as a passive activity?
◦ an activity in which the taxpayer does not materially participate
◦ a limited partnership interest
◦ rental real estate
◦ a business in which the taxpayer owns an interest and works 1,000 hours a year

Question 2

A closely held C corporation's passive losses may offset its portfolio income.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by jlmhmf on Sep 13, 2020

flannelavenger

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jlmhmf

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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