Question
To qualify for nonpassive treatment, a taxpayer must either ensure that more than half of the personal services that the taxpayer performs in trades or
To qualify for nonpassive treatment, a taxpayer must either ensure that more than half of the personal services that the taxpayer performs in trades or businesses are performed in real property trades or businesses in which the taxpayer materially participates, or perform more than 750 hours of service in these real property trades or businesses as a material participant.
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
