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Which is considered nonpassive income

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Reference no: EM132619193

Problem 1: Which of the following is considered nonpassive income?

Option 1: Income from a trade or business in which the taxpayer does not materially participate.

Option 2: Ordinary income a limited partner receives from a partnership they only invested in, and do NOT participate in.

Option 3: Rental income.

Option 4: Portfolio income: Interest, dividends, annuities, and royalties.

Reference no: EM132619193

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