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    Taxation of Individuals
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    Exam 7: Investments
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    To Qualify Under the Passive Activity Rental Real Estate Exception
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To Qualify Under the Passive Activity Rental Real Estate Exception

Question 71

Question 71

True/False

To qualify under the passive activity rental real estate exception, the taxpayer must (1)own at least 15 percent of the property and (2)participate in the process of making management decisions.

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