To Qualify for the Real Property Business Exception for Rental

question 12

Multiple Choice

To qualify for the real property business exception for rental activities

• A)the taxpayer must materially participate for at least 500 hours.
• B)the taxpayer must materially participate for at least 750 hours.
• C)the taxpayer and spouse must materially participate for at least 1000 hours.
• D)half the taxpayer's time must be spent in the activity and must equal at least 500 hours in the activity.

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Definitions:

Polygyny

is a form of marriage in which a man is married to more than one woman at the same time.

Single Male

Refers to a man who is not married, engaged, or in a relationship at the current time.

Polyandry

A form of marriage in which a woman has more than one husband at the same time.

Two Males

A reference to situations, studies, or contexts involving two male individuals or subjects.