My husband teaches at an optometry school. Occasionally (4 times last year), he will lecture at a conference or at meeting. He receives 1099-MISC's for these times. These times are related to his occupation. In the definition of material participation, it talks about the hours of activity. Is that the actual speaking engagements or does that also include his job, because the speaking engagements are related to his job?
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It refers to the number of hours as an independent contractor. If you are trying to figure out if her materially participates, he does. He does all the work himself, to earn the money.
Types of Material Participation Tests
For any tax year, a taxpayer, or their spouse, qualifies as materially participating in a venture if they satisfy any one of the seven material participation tests.
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