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Willy Is Involved in a Number of Businesses as a Consultant

Question 78

Essay

Willy is involved in a number of businesses as a consultant. Below are the businesses and the hours of activity that Willy spent in each. Identify any activities that are passive and explain why the income or loss from the other activities is not passive income or loss. Willy is involved in a number of businesses as a consultant. Below are the businesses and the hours of activity that Willy spent in each. Identify any activities that are passive and explain why the income or loss from the other activities is not passive income or loss. *F is Willy's sole proprietorship and he has no employees. *F is Willy's sole proprietorship and he has no employees.

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C: THE ONLY PASSIVE ACTIVITY
B: Willy pa...

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