Answer:
If you by a condo, you can deduct your mortgage interests from your gross income, property taxes are also deductible, and you can also get a homestead exemption on your condo since it is your home.
Co-ops on the other hand are corporations that own a building, and you own shares of that corporation. It is very difficult and only under certain circumstances, you can deduct mortgage interest expenses on a co-op, but generally not. You cannot deduct property taxes since you do not own any property yourself and you cannot claim a homestead exemption for a co-op for the same reason.
That is why co-ops are usually cheaper than condos.
Ur at a 50:50 chance of getting right. Just guess :p
For the answer to the question which of the following criteria is most descriptive of a private liberal arts college. The answer is multiple choice letter <span>D. Personal attention from instructors in smaller classes.
I hope my answer helped you. Have a nice day!</span>
Answer:
it's 2 opportunity cost will increase
thank uh
Answer:
Desert Company
The amount of notes payable that should be recorded as a current liability will be $520,000.
Explanation:
The 8% notes payable had been refinanced to a long-term notes payable. But, the 7% notes payable was still being negotiated for refinancing. Since the refinancing had not been agreed, the notes payable would still have a balance of $520,000. However, a note in accounts could state the fact that the notes payable was being negotiated for refinancing.
