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.

Name: 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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An active participant must own at least 10 percent of the rental property.

To Qualify Under the Passive Activity Rental Real Estate Exception