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Question 3 (1 point) To qualify for the special deduction for active participation in rental real estate, what percentage of the activity must the taxpayer
Question 3 (1 point) To qualify for the special deduction for active participation in rental real estate, what percentage of the activity must the taxpayer own throughout the year? 1) at least 10% 2) more than 10% 3) at least 50% 4) more than 50% 5) at least 80% The maximum business expense deduction for gifts to customers and clients is: 1) $4. 2) $10. 3) $25. 4) $50. 5) No maximum amount exists
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