Which of the
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 53 of 75.
Which of the following statements defines active participation by a taxpayer in a rental real estate activity?
They are involved in the activity's operations on a regular, continuous, and substantial
basis.
They make management decisions like approving new tenants, deciding on rental terms, and approving expenditures.
They participate in the activity for at least 100 hours.
They spend more than half the time in all trades or businesses and more than 750 hours in real estate activities during the year.
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