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Which of the following is not true of passive activities? Material participation and active participation mean the same thing. Material participation includes working more
Which of the following is not true of passive activities? Material participation and active participation mean the same thing. Material participation includes working more than 500 hours during the year in the activity. A real estate professional must spend more than 750 hours during the year in real estate activities. The $25,000 rental real estate exception may be limited by the taxpayer's adjusted gross income.
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