Darian Basemore owned an interest in five businesses in 2018. His level of participation and percentage of
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Darian Basemore owned an interest in five businesses in 2018. His level of participation and percentage of ownership in each enterprise is as follows:
In which activity, if any, will Darian be considered a material participant?
Transcribed Image Text:
Activity Ven-Tale MovERent AZ Airlines Sadd Books Kingdom Autos Hours of Participation 180 88 950 135 185 Ownership Percentage 22% 17 33 12 25
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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