Which of the following partnership interests is not a § 469 passive activity?
A) A 20% limited interest in a partnership that operates a profitable restaurant business.The owner of the interest is an individual.
B) A 20% limited interest in a partnership that operates a profitable restaurant business.The owner of the interest is a publicly traded corporation.
C) A 20% general interest in a partnership that operates a profitable restaurant business.The owner of the interest is an individual who does not materially participate in the day-to-day operations of the business.
D) A 20% limited interest in a partnership that rents single family houses and duplexes.The owner of the interest is an individual.
E) A 20% limited interest in a partnership that operates a profitable restaurant business.The owner of the interest is a trust.
Correct Answer:
Verified
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