7 After the passive activity rules have been applied, the at risk rules must then be considered a True b False 8 The rules for meeting the material participation test for real estate activities are more strict than the rules for meeting the material participation test for other (non real estate) types of activities a True b False 9 The netting of passive losses against passive income is done on Schedule E (Form 1040), Supplemental Income Schedule a True b False 10 If the taxpayer participates in a rental real estate activity for 800 hours during the year, the taxpayer will be considered to be a material participant in the activity a True b False

Question

7  After the passive activity rules have been applied, the at risk rules must then be considered  a  True b  False 8  The rules for meeting the material participation test for real estate activities are more strict than the rules for meeting the material participation test for other (non real estate) types of activities  a  True b  False 9  The netting of passive losses against passive income is done on Schedule E (Form 1040), Supplemental Income Schedule  a  True b  False 10  If the taxpayer participates in a rental real estate activity for 800 hours during the year, the taxpayer will be considered to be a material participant in the activity  a  True b  False

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Question

7. After the passive activity rules have been applied, the at-risk rules must then be considered. a. True b. False 8. The rules for meeting

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