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12.Diane and Howard rent out their residence in Denver to friends for 10 days while they vacation in Europe. They collect $1,000 of rental income.

12.Diane and Howard rent out their residence in Denver to friends for 10 days while they vacation in Europe. They collect $1,000 of rental income. How much rental income should be included on their tax return?

14.

Sandy has qualified business income of $40,000 in 2020. His taxable income without net capital gains is $28,000. Sandys QBI deduction for 2020 is?

$5,600 $8,000 $13,600 $0

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