To Qualify for the Real Property Business Exception for Rental

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.