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  2. Topic
    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 8: Rental Property, Royalties, and Income From Flow- Through Entities Line 17, form 1040, and Schedule E
  5. Question
    What Must the Owner of Rental Property Do with Respect
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What Must the Owner of Rental Property Do with Respect

Question 52

Question 52

Essay

What must the owner of rental property do with respect to the rental activity to have it be considered: 1)material participation? 2)a trade or business?

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1)Generally,if the taxpayer works on a r...

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