Question: A significant participation activity can be defined as: 1 . any trade or business activity, 2 . any rental real estate activity, 3 . any

A significant participation activity can be defined as: 1. any trade or business activity, 2. any rental real estate activity, 3. any trade or business activity in which a taxpayer participates for more than 100 hours, 4. any trade or business activity in which a taxpayer participates for more than 500 hours

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