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11 November, 02:30

Taxable income from the rental of actively managed depreciable real estate is classified as:

a. Active income.

b. Passive income.

c. Portfolio income.

d. Passive income if taxable income is negative; active income if taxable income is positive.

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Answers (1)
  1. 11 November, 02:44
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    D

    Explanation:

    d. Passive income if taxable income is negative; active income if taxable income is positive.
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