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:
The balance in stockholders' equity at the end of year 2 is $31,000
Explanation:
For computing the balance in stockholder equity at the end of year 2, first, we have to compute the balance for year 1 which is shown below:
Year 1 equity balance = Issue of stock + Net income
= $20,000 + $5,000
= $25,000
Now, year 2 balance would equal to
= Year 1 balance + Net income - Dividend paid
= $25,000 + $10,000 - $4,000
= $31,000
Hence, the balance in stockholders' equity at the end of year 2 is $31,000
The given statement belongs to "Uplift modelling" concept.
Explanation:
In analytical CRM Concept
Uplift modeling , customer segmentation and Website personalization are exist.
Uplift Modeling is an observational marketing method that forecasts the variance in the behaviour of consumers of a marketer's actions.
It splits the audience into groups that respond to the marketing camp against a control group based on the expected disparity.
Answer and Explanation:
The journal entry is shown below:
Delivery expenses Dr $56
Merchandise inventory Dr $179
Miscellaneous expenses $25
To Cash $260
(Being the reimbursement of the account is recorded)
For recording this we debited all expenses and credited the cash as it increased the expenses and decreased the assets
Answer:
B. who can immediately take over the family business
Explanation:
<em>Option A</em> is wrong because opportunity cost is not related to intelligence.
<em>Option C</em> is not correct because a high school graduate and a college attending student can access to student loans.
The family's wealth can not be a factor in terms of opportunity cost of attending college or a high school graduate. Therefore, <em>option D</em> is incorrect.
Option B is correct as a college attending student cannot take over the family business. So, it is his opportunity cost. On the other hand, a high school graduate can take over the business.
