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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Home » Business » 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.