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1 pts Fer purposes of the child and dependent care credit, payments to a relative are qualifying expenses unless the relative is a dependent or

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1 pts Fer purposes of the child and dependent care credit, payments to a relative are qualifying expenses unless the relative is a dependent or a child (under age 19) of the taxpayer True False Question 24 1 pts Jake (who is not from State Farm owns a building that is used in his trade or business and placed into service in 2020. He calculates his depreciation according to the appropriate depreciation table to be $18.295. However, he decides to take depreciation expense on his return for the building equal to 510,000 so that he does not produce a loss. Jake's adjusted basis in the building is reduced for the year by $10,000 ie the amount of depreciation expense taken on his tax return). True False Question 25 1 pts See 179 allows an unlimited carryforward for amounts exceeding the taxable income limitation for the year Tror Fake

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