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Financial Planner

Category - Tax Planning

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An activity is considered a passive activity if the individual does not do what?

Continue investing
Materially participate
Have other means of income
Invest over a certain amount of money

Explanation

Answer: B - Congress set rules to determine whether an individual materially participates in an activity. If he or she does not materially participate, the activity is considered a passive activity, and the passive activity rules apply.

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