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A Taxpayer Is Considered to Be a Material Participant in a Significant

question 56

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A taxpayer is considered to be a material participant in a significant participation activity if he or she spends at least 400 hours in the activity.


Definitions:

Square

A polygon with four equal sides and four right angles.

Relationship

How two or more notions, entities, or persons are associated, or the status of association.

Populations

The whole set of individuals or objects of interest in a particular study or statistical analysis.

Categories

Distinct groups or classes into which data or objects are organized.

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