Question: first options: active, passive portorfilio / only active and portfolio / only passive activity / only passive and portfolio second options : active passive portfolio

first options: active, passive portorfilio / only active and portfolio /

first options: active, passive portorfilio / only active and portfolio / only passive activity / only passive and portfolio

second options : active passive portfolio / only active & portfolio / only passive / only passive and portfolio

third options : active / passive

Discussion Question 11-5 (LO. 3) Carlos owns an interest in an activity that produces a $100,000 loss during the year. Complete the statements below regarding whether Carlos would prefer to have the activity classified as active or passive. Generally, if an activity is classified as passive, a loss from that activity can offset income. If the activity is classified as active, the loss can offset income from . Therefore, Carlos would prefer to have the activity classified as

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