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2022 Federal/State Tax Practice Questions: Answer 14-15 14. T/F. If a residence is rented for fewer than 15 days in the year, it is treated
2022 Federal/State Tax Practice Questions: Answer 14-15
14. T/F. If a residence is rented for fewer than 15 days in the year, it is treated as a personal residence and therefore the rental income is excluded from gross income. 15. T/F. A deduction from groass income is not allowed for amounts paid for new building or permanent improvement because it increases the value of the assetStep by Step Solution
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