Question
All of the following taxpayers were more-than-10% owners of rental property. Which one meets the requirements for active participation? Melody, who spends more than 500
All of the following taxpayers were more-than-10% owners of rental property. Which one meets the requirements for active participation?
Melody, who spends more than 500 hours per year reviewing reports from property managers to remain informed about her investments.
Jonas, who receives tenant maintenance requests and hires the appropriate repair company to handle them.
Finley, whose primary source of income is his rental property but has all management decisions handled by a management company.
Tessa, who is a limited partner in a partnership with rental activities.
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