Question: During the current year, Ethan performs personal services as follows: 8 0 0 hours in his information tech that losses will be realized from the
During the current year, Ethan performs personal services as follows: hours in his information tech that losses will be realized from the two real estate ventures and that his consulting practice will show active and not subject to the passive activity loss limitations:
a Only the information technology consulting practice and the condominium leasing operation.
b Only the information technology consulting practice and the real estate development business.
c Only the information technology consulting practice.
d All three of the ventures are considered active and not subject to the passive activity loss limitations
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