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Select the best answer. Why can the seven-day rule can sometimes turn out to be advantageous for owners who can meet the material participation standard
Select the best answer. Why can the seven-day rule can sometimes turn out to be advantageous for owners who can meet the material participation standard for vacation homes classified as rental properties? They can deduct their vacation home rental losses without regard to the passive activity loss limitations. O B . They can qualify for the $50,000 rental real estate exception to the passive loss rules. O C. All rental income is tax-free for a property that falls under the seven-day rule. D. They can qualify for the special rule that allows them to currently deduct 50% vacation home rental losses. Submit Answers
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