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  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
  5. Question
    Jon Is in the Car Rental Business
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Jon Is in the Car Rental Business

Question 13

Question 13

True/False

Jon is in the car rental business.Most of his customers rent cars on a daily basis.Jon's car rental business is considered a passive activity since rental activities are always treated as passive activities.

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