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    Business
  3. Study Set
    Taxation of Individuals
  4. Exam
    Exam 20: Forming and Operating Partnerships
  5. Question
    If a Partner Participates in Partnership Activities on a Regular
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If a Partner Participates in Partnership Activities on a Regular

Question 3

Question 3

True/False

If a partner participates in partnership activities on a regular, continuous, and substantial basis, then the partnership's activities with respect to this individual partner are not considered passive.

Correct Answer:

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