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Author Question: When applying the limitations of the passive activity rules, a taxpayer's AGI is classified into ... (Read 85 times)

Tirant22

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Question 1

Two separate business operations conducted at the same location may be treated as separate activities under the passive activity rules.
◦ true
◦ false

Question 2

When applying the limitations of the passive activity rules, a taxpayer's AGI is classified into active income, portfolio income and passive income.  For this purpose, portfolio income includes dividends, interest, annuities, and royalties.
◦ true
◦ false


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Marked as best answer by Tirant22 on Sep 13, 2020

ririgirl15

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Tirant22

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


abro1885

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Reply 3 on: Yesterday
Gracias!

 

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