Which of the following is not a passive activity? A. Trade or business in which the...

Which of the following is not a passive activity? A. Trade or business in which the taxpayer participated for 400 hours during year. B. Working interest in an oil or gas property, so long as the interest holders liability is not limite under state law. C. A rental activity regardless of material participation D. Trade or business for which the taxpayer participates 150 hours during the year, but less hours than employees of the activity

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ekkarill92 answered 1 year ago

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