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1 year ago

describe the two eligibility requirements to qualify for deducting losses generated from real estate activities.

1 answer:

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Two exceptions to the special passive activity rule for real estate activities provide the whole or partial offset of real estate rental losses against active or portfolio income, even when the business is otherwise regarded as a passive activity.

<h3>Which rules regarding passive activities for rental revenue are exceptions?</h3>

You have a stake in the yearly commerce or economic activities.
During the current tax year or at least 2 of the 5 tax years prior, the rental property was utilized primarily in that trade or company.

<h3>Only real estate is subject to passive loss restrictions, right?</h3>

Generally speaking, the following actions can result in passive losses (and income): leasing of equipment. Rental property (though there are some exceptions) a farm or a sole proprietorship in which the taxpayer has no substantial interest.

<h3>How can passive income be balanced?</h3>

Selling off your rental properties will help you make up for your passive losses. You don't actually have to sell the property that's causing the losses to balance them effectively. Any passive income will be offset by losses.

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Firms producing an identical product in a perfectly competitive market are producing at a quantity that maximizes profit. The cu

Wewaii [24]

Answer:

The correct answer is Profit.

Explanation:

According to the scenario, the given data are as follows:

Current market price = $4.50

Long run average cost = $3.50

As we know the following terms of the market, i.e

If market price is greater than the cost, than it will give profit
if market price is lower than the cost, than it will give loss.

Hence, from the above statement, as the firm is showing the greater market price and lower cost it will result is Profit to the firm.

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4 years ago

The business orientations typical of organizations have evolved over time; in the early years of the United States, a ________ o

ira [324]

Answer:

The answer is "production, market".

Explanation:

In the question, throughout the early years of both the USA a production focus centered mostly on the manufacturing of any sort of product has become popular, but today companies often have a market orientation in which they are seeking to meet strong customer expectations. Through time, companies have developed their business orientations common in organizations.

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3 years ago

A sales slip shows that $1,500 in merchandise has been sold and the sales tax rate is 4%. Generate the cash receipt's data.

Bingel [31]

Answer:

Cash receipt:

Particulars Amount

................................................................

Sales = $1,500

Sales tax @4.00 % = $60

................................................................

Total = $1,560

.................................................................

Explanation:

Data :

Merchandise cost in the sales slip = $1,500

sales tax rate for the merchandise = 4%

Now,

the cash receipt data will include the merchandise cost, the amount of tax and the total amount after including the tax

Thus,

The amount of tax on the merchandise = sales tax rate × Merchandise cost

The amount of tax on the merchandise = 0.04 × $1,500 = $60

Hence,

the total cost = cost of merchandise + the sales tax = $1,500 + $60 = $1,560

Cash receipt:

Particulars Amount

................................................................

Sales = $1,500

Sales tax @4.00 % = $60

................................................................

Total = $1,560

.................................................................

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3 years ago

A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw m

daser333 [38]

Answer:

Profit for Kansas City = $376,375

Explanation:

a) Data and Calculations:

Omaha Kansas City

Expected annual demand (units) 9,800 11,625

Annual fixed costs $1,000,000 $1,100,000

Variable cost per unit $30 $45 $294,000 $523,125

Total cost $1,294,000 $1,623,125

Revenue $1,685,600 $1,999,500

Profit $391,600 $376,375

From the above differential analysis, it appears that locating in Omaha would be better and more profitable than locating in Kansas City for the company. This is based on the fact that more profit ($15,225) will be generated with Omaha location than locating in Kansas City.

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3 years ago

if inflation in the united states is higher than inflation in other countries, what will be the effect on net exports for the un

lys-0071 [83]

If inflation in the United States is higher than inflation in other countries, then US Exports decrease and US imports increase which decrease net exports.

In the world of business, inflation is defined as a rise in the cost of goods in a location or nation. The amount of money or purchasing power decreases as a result of these high prices.

If inflation in the United States is higher than inflation in other countries, the costs and prices domestically produced goods become more expensive than similar goods made in abroad.Due to higher inflation United States will buy more foreign goods so imports will increase. Exports will decrease as foreign countries spend less on purchasing goods produced in United States which will decrease the exports. As a result net exports will decrease and this results in trade deficit.

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1 year ago