What requirements must be met in order for a taxpayer to deduct up to $25,000 of passive losses from rental real estate activities against active and portfolio income? (Select four that apply.) A. The taxpayer can be an individual or a corporation. B. The taxpayer must be an individual. C. The loss cannot create an overall loss on the taxpayer's return. D. The taxpayer must have actively participated in the management of the rental activity. E. The taxpayer must not have AGI in excess of $150,000. F. The activity generating the loss must be an active rental location for at least two years. G. The activity generating the loss must be a real estate rental activity. Part 2 b. What requirements must be met in order for a real estate rental activity to be considered a real estate business that is not subject to the passive loss rules? (Select three that apply.) A. The taxpayer must perform more than 750 hours of service during the taxable year in real property trades or businesses in which the taxpayer materially participates. B. The taxpayer who provides maintenance on the real estate rental property is considered a trade or business that allows for the material participation rule to apply. C. More than one-half of the personal services performed in trades or businesses by the taxpayer during the year must be performed in real property trades or businesses in which the taxpayer materially participates. D. Any losses from a real estate rental activity can be deducted if the taxpayer who owns the property is also the individual who provides maintenance on the location. E. At least one-third of the income from the real estate business must come from overall rental income of the property. F. An individual's rental activity must qualify as a real property trade or business.