Cal Corey and his wife are living in Las Vegas, Nevada, and own an apartment house from
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Cal Corey and his wife are living in Las Vegas, Nevada, and own an apartment house from which they receive $20,000 a year in net rental income. Cal's wife also owns an apartment house, which she purchased as an investment while she was working before their recent marriage. The net rental income from this building is $15,000 a year. If the Coreys file separate returns what would each file for rental income on their tax returns?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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