Which of the following are requirements in order for a taxpayer who materially participates in a real property trade or business to be able to deduct any losses from the business?

More than $50\%$ of the individual's personal services during the tax year are performed in the real property trades or businesses in which the individual materially participates.

More than $10\%$ of the individual's net assets at the end of the tax year are invested in the real property trades or businesses in which the individual materially participates.

The individual performs more than $750$ hours of service in the real property trades or businesses in which the individual materially participates.

A$)$

I and II

B$)$

I and III

C$)$

I only

D$)$

II and III