DO NOT GUESS. ANSWER FOR TAX YEAR 2018. THANK YOU 1. Which of the following...
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Accounting
DO NOT GUESS. ANSWER FOR TAX YEAR 2018. THANK YOU
1. Which of the following uses of a dwelling unit does not count as personal use?
The taxpayer's parents use the unit for two weeks and pay a fair rental price. | ||
The dwelling is rented to a friend for less than a fair rental price. | ||
The taxpayer stays at the dwelling while working full-time to replace the roof. | ||
All of the above count as personal use. | ||
None of the above count as personal use. |
2. Which of the following expenditures incurred on an apartment building would NOT considered a capital improvement?
Replacing a broken window |
Installing of a new roof |
Paving a driveway |
Replacing the kitchen cabinets |
All of the above are treated as improvements |
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