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Can you help me identifying the incorrect answer, or can you poitning in the right direction. I have taken the quiz and I answered 6 correct questions out of 8.
Thank you.
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    Practice quiz

    1. (TCO E) For federal tax purposes, royalty income that is not derived in the ordinary course of a

    business is classified as: (Points : 5) 
    portfolio income.
    active income....
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I have reviewed your assignment thoroughly, based on your assignment details and current...  View Full Answer