Question
9.The maximum number of days a dwelling unit can be rented out during the year before the taxpayer has to worry about the rental income
9.The maximum number of days a dwelling unit can be rented out during the year before the taxpayer has to worry about the rental income possibly becoming taxable is _______________.
10. Dividends, interest, royalties, and gains from the sale of securities are examples of _______________ income.
11. To qualify for the special rental real estate activity loss deduction, taxpayers must own at least ___ percent of the value of the activity throughout the entire year.
12. Repainting, fixing gutters or floors, fixing leaks, and replacing broken windows are examples of __.
14. Mortgage interest on a vacation home is $2,400. The home is rented at fair rental for 90 days and used personally for 30 days. The amount of mortgage interest available as an itemized deduction is _______________.
16. A single taxpayer can exclude up to _______________ from gross income on the sale of a principal residence.
22. ___________is used to report gains and losses from sales or exchanges of property used in a trade or business.
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