Passive activity definition
Not what you're looking for?
Which of the following is not generally classified as a passive activity?
A. an activity in which the taxpayer does not materially participate
B. a business in which the taxpayer owns an interest and works 1,000 hours a year
C. a limited partnership interest
D. rental real estate
Purchase this Solution
Solution Summary
This solution provides the correct answer with explanation to the passive activity question presented. The conditions surrounding a passive activity are also explained, and the applicable tax code is referenced.
Solution Preview
B - passive activity includes any trade or business in which the taxpayer doesn't materially participate as well as any rental ...
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Operations Management
This quiz tests a student's knowledge about Operations Management