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.
Learn more about special passive activity rule: brainly.com/question/28137310
#SPJ4
Answer:
A. $54
B. 55.62
C. $70.46
Explanation:
The formula for calculating compound interest is
FV = P (1 + r ) ^n
FV = Future value
P = Present value
R = interest rate
N = number of years
A. $1,800 (1.03) = $1854
Interest rate = $1854 -$1,800 = $54
B. $1,800 (1.03)^2 = $1,909.62
Interest rate = $1,909.62 - $1854 = $55.62
C. $1,800 (1.03)^10 = $2,419.05
To service the interest rate, we have to determine the future value in year 9
$1,800 (1.03)^9 = $2,348.59
Interest rate = $2,419.05 - $2,348.59 = $70.46
I hope my answer helps you
Answer: D) cyclical
Explanation:
Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.
This means that something could be in demand today but the demand could fall or rise sharply based on the stage of the business cycle the economy is in.
Answer:
1/5
Explanation:
34 + 126 + 40 = 200
40 jackets so 40/200
40/200 = 1/5 or one fifth
Small economy I think or up close economy
