Taxpayer and material participant


A taxpayer would not be considered a material participant if he met which one of these tests?

A. Participates on a regular, continuous, and substantial basis

B. Participates more than 50 hours a year and participation is not less than any other participants for the year

C. Materially participates in the activity for any five of the preceding ten years

D. Participates in the activity for at least 500 hours a year

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Accounting Basics: Taxpayer and material participant
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