Rhonda participates for 95 hours during the year in an activity she owns.She has no employees and is the only participant in the activity.The activity is a significant participation activity.

Question

Quizplus · Accepted Answer

For an activity to be considered a significant participation activity, the taxpayer must participate for more than 100 hours during the year. Rhonda only participates for 95 hours, which does not meet the threshold.

Rhonda Participates for 95 Hours During the Year in an Activity