A Taxpayer's Rental Activities Will Be Considered a Trade or Business,rather

question 52

Multiple Choice

A taxpayer's rental activities will be considered a trade or business,rather than a passive activity,if

• A)the taxpayer performs more than 750 hours of work during the year managing the rental properties.
• B)the taxpayer performs more than 500 hours of work during the year managing the rental properties.
• C)more than half of the taxpayer's personal services performed in all business activities during the year are spent managing the rental properties.
• D)conditions A and C,but not B,are satisfied.