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Tax Drill - Material Participation Indicate whether the following statements are True or False regarding material participation in an activity. Section 469 requires a taxpayer
Tax Drill - Material Participation Indicate whether the following statements are "True" or "False" regarding material participation in an activity. Section 469 requires a taxpayer to participate on a regular, continuous, and substantial basis to be a material participant. b. Participation generally includes any work done by an individual in an activity that he or she owns. c. Participation by an owner's spouse does not counts as participation by the owner
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