0 [{"id":406726,"quiz_id":"20541","answer_id":null,"answerType_id":"0","created_at":"2018-03-12 04:20:47","updated_at":"2018-03-12 04:20:59","questionName":"Generally, excess losses from a passive activity may not be used to offset nonpassive income for income tax purposes. [1]","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":0,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":406727,"quiz_id":"20541","answer_id":null,"answerType_id":"0","created_at":"2018-03-12 04:20:47","updated_at":"2018-03-12 04:20:59","questionName":"Under the passive activity loss rules, material participation means involvement in the actual operations of the activity on a regular, continuous, and substantial basis. [1]","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":1,"explanation":null,"question_score_id":null,"lang":null,"questionAudioPath":null},{"id":406728,"quiz_id":"20541","answer_id":null,"answerType_id":"0","created_at":"2018-03-12 04:20:47","updated_at":"2018-03-12 04:20:59","questionName":"To qualify for the active participation exception to the passive activity loss rules, the taxpayer must own at least 20 percent of the rental real estate, measured by value. [1]","questionTimeSeconds":"0","questionTimeMinutes":"2","questionImagePath":null,"position":2,"explanation":"The taxpayer must own at least 10 percent of the rental real estate, measured by value.","question_score_id":null,"lang":null,"questionAudioPath":null}]

block

Generally, excess losses from a passive activity may not be used to offset nonpassive income for income tax purposes. [1]

Select the correct answer(s).  

(0/0)

---

F_FALSE

T_TRUE

none

Under the passive activity loss rules, material participation means involvement in the actual operations of the activity on a regular, continuous, and substantial basis. [1]

Select the correct answer(s).  

(0/0)

---

F_FALSE

T_TRUE

none

To qualify for the active participation exception to the passive activity loss rules, the taxpayer must own at least 20 percent of the rental real estate, measured by value. [1]

Select the correct answer(s).  

(0/0)

Explanation

The taxpayer must own at least 10 percent of the rental real estate, measured by value.

---

F_FALSE

T_TRUE