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  3. Study Set
    Fundamentals of Taxation
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    Exam 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
  5. Question
    The IRC Require Income/loss Items to Be Separated into Two
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The IRC Require Income/loss Items to Be Separated into Two

Question 28

Question 28

True/False

The IRC require income/loss items to be separated into two categories: active income/loss and passive income/loss.

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