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What is the term used to describe participation in an activity that is not necessarily regular or continuous, but instead involves the taxpayer participating in
What is the term used to describe participation in an activity that is not necessarily regular or continuous, but instead involves the taxpayer participating in management decisions in a significant and real sense? Material participation Active participation Real participation Significant participation None of the above In order to meet the material participation test for a rental real estate activity, over what number of hours of personal service must the taxpayer work in rental real estate during the year? 100 250 500 750 1,000
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