In addition to rental income, Schedule E is used to report income from all of the following, except: O Estates and trusts. Farming Partnerships Scorporations. Mark for follow up A taxpayer is most likely to materially participate in an activity: O When 10% of the rental property is owned by them. That is their principal business. That is from an estate or trust. That results in the receipt of royalty payments. Roger rented out one room of his home for twelve months. The room is 150 square test, and the rest of the house is 1.200 square feet. What is Roger's rental business-use percentage? 125% 11.11% 12.5% O 150W MK for follow up Which of the following forms is used for reporting a shareholder's share of income, deductions, and credits? Form 8582 Schedule K-1 (Form 1065). Schedule K-1 (Form 1120S). Schedule K-1 (Form 1041). Questions of The personal services of rese professional performed in real property trades or business, ty is definition are considered one when the number of hours spent and in schitter Dhur 75 300 Which of the following is NOT a requirement to depreciate rental property? The property is owned by the taxpayer claiming the depreciation. The property has a useful life of less than one year. The property is used in an income-producing activity. O The property has a determinable useful life. Which of the following rental activities may qualify for the qualified business income (QBI) deduction? Twelve-month lease. Rental for less than FMV. Single triple-net-lease. O Vacation home