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Material Participation in a Young Business
I am filing a K-1 for 2016. I did not do any work for the business in 2016, but I did materially participate in the previous three years. The business is only four years old, so I can't meet "any five of the previous ten years rule." Can I still claim material participation since the business is not five years old?
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‎June 3, 2019
12:14 PM