Question: Discussion Question 1 1 - 1 0 ( LO . 4 ) Classify the following activities by selecting either Passive or Not passive. a .
Discussion Question LO Classify the following activities by selecting either "Passive" or "Not passive". a Any trade, business, or incomeproducing activity in which the taxpayer does not materially participate. b All rental activities, subject to certain exceptions. c Income from intangible property if the taxpayer's personal efforts contributed significantly to the creation of the property. d Gain on the sale or other disposition of assets used in an active trade or business. e Interest, dividends, annuities, and royalties not derived in the ordinary course of a trade or business.
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