A taxpayer is considered to be a material participant in a significant participation activity if he or she spends at least 400 hours in the activity.

Question

Quizplus · Accepted Answer

A taxpayer is considered a material participant in a significant participation activity if they participate for more than 100 hours during the tax year, and the total participation in all significant participation activities exceeds 500 hours.

A Taxpayer Is Considered to Be a Material Participant in a Significant