Question: is ( $ 1 2 5 , 0 0 0 ) . The income and losses from the following ventures are considered

is \(\$ 125,000\). The income and losses from the following ventures are considered active and not subject to the passive activity loss limitations:
a. Only the information technology consulting practice and the condominium leasing operation.
b. Only the information technology consulting practice.
c. Only the information technology consulting practice and the real estate development business.
d. All three of the ventures are considered active and not subject to the passive activity loss limitations.
is \ ( \ $ 1 2 5 , 0 0 0 \ ) . The income and

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