During the current year, gene, a cpa, performs services as follows: 1,800 hours in his tax practice and 50 hours in an apartment leasing operation in which he has a 15% interest.
because of his oversight duties, gene is considered to be an active participant.
he expects that his share of the loss realized from the apartment leasing operation will be $30,000 and that his tax practice will show a profit of approximately $80,000.
gene is single and has no other income.

what is the character and treatment of the income and losses generated by these activities?

a. is gene considered a material participant in the tax practice? is gene considered a material participant in the apartment leasing operation?

b. in the current year, gene can deduct $ of the real estate rental activity loss and any remaining loss is as a activity loss.

the answer is b. the events might happen and are based on crimes.

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent