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I work at a landscape company and a LLC was formed to charge the nursery rent on the land which I am a 40% owner of that land. Am I considered a Material Participant for 1065 K1 purposes?
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Material participation in this context means participation on a “regular, continuous and substantial” basis. Unless you're a limited partner, you're deemed to materially participate in a business activity if you meet just one of seven tests:
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