Which of the following would be considered a passive activity? a. A limited partnership interest. b. Most

Question:

Which of the following would be considered a passive activity?

a. A limited partnership interest.

b. Most rental real estate activities.

c. A trade or business in which the taxpayer does not materially participate.

d. All of the above.

Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...

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