Vanessa owns a houseboat on lake las vegas that she personally uses for 25 days out of the year and rents for 280 days. for tax purposes, the houseboat is classified asa) neither a residence nor rental property. because it is rented a nominal number of personal use days, both revenue and expenses (other than those otherwise allowable) are ignored. b) rental property. expenses in excess of income may be deducted although net income or loss is subject to the passive activity rules. c) property that is treated as a hobby which gives rise to from agi deductions only. d) a combination of the taxpayer's residence and rental property. the deduction for expenses is limited to the amount of income generated by the property
Answers: 3
Business, 22.06.2019 08:30, BigDough9090
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
Business, 22.06.2019 15:00, robert7248
1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answers: 2
Vanessa owns a houseboat on lake las vegas that she personally uses for 25 days out of the year and...
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