Question $53$ of $75.$

Which of the following statements defines active participation by a taxpayer in a rental real estate activity?

They are involved in the activity's operations on a regular, continuous, and substantial basis.

They make management decisions like approving new tenants, deciding on rental terms, and approving expenditures.

They participate in the activity for at least $100$ hours.

They spend more than half the time in all trades or businesses and more than $750$ hours in real estate activities during the year.