Question: Explain the difference between materially participating and actively participating in an activity. When is the active participation test used? When is the active participation test
Explain the difference between materially participating and actively participating in an activity. When is the active participation test used?
When is the active participation test used?
A For activities involving the sale of capital assets.
B For trade or business activities.
C For personal real estate activities.
D For rental real estate activities.
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