(1) If you have $100,000 to invest, which option will work better for you? Would you invest in stock or in real estate? Why? (2) What are common tax deductions you can claim for rental properties? Calculate the net rental income according to current rent price and current house market price. What is the tax rate for recognized gain when you sell your rental properties in 10 years? (Note: considering depreciation recapture). (3) Explain the deductibility of rental losses. (4) How do you qualify yourself for the primary residence exclusion $250,000/500,000? (5) How do you qualify your sale of rental home as a Section 1031 like-kind exchange? (6) Which form do you use to claim a home office deduction? What are the tax consequences when you sell a home if you claimed a home office deduction? If you plan to move out in five years, should you claim a home office deduction? (7) In your regular stock trading account, suppose you invest $ 100,000 and do short-term stock trading and have a 20% return (short-term capital gains) every year. If your marginal tax rate is 32% after 10 years, what is your balance at the end of year 10? Suppose you invest in a growth fund (e.g., portfolio holdings: Netflix, Google, Apple, Amazon, Microsoft) that you expect to increase in value by 20% each year. There is no taxable income (no dividends) from the growth fund until the investment is sold after 10 years holding, and then any gain is a capital gain of 15%. What is your after-tax wealth? (8) Do you ever have wash sales transactions? How to avoid a wash sale? For example. short put options or buy call options