Internet Problem: Researching IRS Publication 925
Response to the following problem:
Discuss two ways to meet the material participation test:
(1) participate in the activity for more than 500 hours during the year, and
(2) participate in the activity for more than 100 hours during the year and have that participation be at least as much as the participation by all other individuals, including employees.
There are five other ways in which to meet the material participation test. Go to the IRS website. Locate IRS Publication 925 and find the appropriate page that lists all the various ways to meet the material participation test.