Bruce owns a small apartment building that produces a $25,000 loss during the year. His AGI before considering the rental loss is $85,000 . Bruce must be a material participant with respect to the rental activity in order to deduct the $25,000 loss under the real estate rental exception
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: Bruce must actively participate in the rental activity in order to deduct the $25,000 loss.
Business
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What are the five key public relations functions?
What will be an ideal response?
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