So, I know that the two sentences below function different by label of function for the participle (label in parenthesis):
"It is finished" (adjective)
"It has been finished" (verb)
However, if I were to say, "It has been finished for a while now," would "finished" still be more of a verb than an adjective because of it being part of the Perfect Present?
Yes, that is right. "Has been finished" is the present perfect passive.
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Yes, that is right. "Has been finished" is the present perfect passive.