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Which of the following statements describes active participation by a taxpayer in a rental real estate activity? They are involved in the activity's operations on a regular, continuous, and substantial basis. They make management decisions like approving new tenants, deciding on rental terms, and approving expenditures. They provide 250 hours of personal service to the rental enterprise. They spend more than half the time in all trades or businesses in real estate activities and spend more than 750 hours in real estate activities..

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Which of the following statements describes active participation by a taxpayer in a rental real estate activity? They are involved in the activity's operations on a regular, continuous, and substantial basis. They make management decisions like approving new tenants, deciding on rental terms, and approving expenditures. They provide 250 hours of personal service to the rental enterprise. They spend more than half the time in all trades or businesses in real estate activities and spend more than 750 hours in real estate activities.

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  • 1. Which of the following statements describes active participation by a taxpayer in a rental real estate activity? They are involved in the activity's operations on a regular, continuous, and substantial basis. They make management decisions like approving new tenants, deciding on rental terms, and approving expenditures. They provide 250 hours of personal service to the rental enterprise. They spend more than half the time in all trades or businesses in real estate activities and spend more than 750 hours in real estate activities.