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Gabe owns an apartment building in which he works 800 hours. His wife also works 300 hours in the apartments. He also owns an airsoft
Gabe owns an apartment building in which he works 800 hours. His wife also works 300 hours in the apartments. He also owns an airsoft consulting business where he spends 900 hours. O The airsoft consulting business is a passive activity but the apartment building is not. O The apartment building is a passive activity but the airsoft consulting business is not. O Both the apartment building and the airsoft consulting business are passive activities. O Neither the apartment building nor the airsoft consulting busine are passive activities. The apartment building does not meet the real estate profession exception to the passive loss limits and the airsoft consulting business is not subject to the real estate professional exception (+
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