Which taxpayer would not be considered a material participant of an activity?
A) Taxpayer materially participated in the activity for any five of the preceding 10 years.
B) Taxpayer participated on a regular, continuous, and substantial basis during the year.
C) Taxpayer participated 95 hours during the year and participation is not less than any other participants for the year.
D) Taxpayer participated in the activity for 995 hours during the year.
E) None of the choices are correct.
Correct Answer:
Verified
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