Question

Ryan Reynolds, a gin distiller, owns a separate business (not real estate) in which he participates. He has one employee who works part-time in the business. a. If Ryan participates for 500 hours and the employee participates for 620 hours during the year, Ryan qualifies as a material participant. ****THIS IS NOT THE ANSWER... Yes Seriously Don't Pick it. b. If Ryan participates for 550 hours and the employee participates for 2,000 hours during the year, Ryan qualifies as a material participant. c. If Ryan participates for 120 hours and the employee participates for 120 hours during the year, Ryan does not qualify as a material participant. d. If Ryan participates for 5 hours and the employee participates for 5 hours during the year, Ryan qualifies as a material participant.

          Ryan Reynolds, a gin distiller, owns a separate business (not real estate) in which he participates. He has one employee who works part-time in the business.
a.
If Ryan participates for 500 hours and the employee participates for 620 hours during the year, Ryan qualifies as a material participant.  ****THIS IS NOT THE ANSWER... Yes Seriously Don't Pick it.  
b.
If Ryan participates for 550 hours and the employee participates for 2,000 hours during the year, Ryan qualifies as a material participant.
c.
If Ryan participates for 120 hours and the employee participates for 120 hours during the year, Ryan does not qualify as a material participant.
d.
If Ryan participates for 5 hours and the employee participates for 5 hours during the year, Ryan qualifies as a material participant.

Added by Daniel W.

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