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Darryl owns a number of rental properties. During the current year he had the following income and expenses: Rental income - $100,000 Lease premium -
Darryl owns a number of rental properties. During the current year he had the following income and expenses: Rental income - $100,000 Lease premium - $25,000 Sale of shares - $20,000. The shares had been held for 15 months and had cost $8,000 Rental expenses - $63,000 State ALL the answers that are incorrect. The amount to be included in Darryl's taxable income will be $68,000 if there were no capital losses from previous years. The amount to be included in Darryl's taxable income will be $73,000 if there were no capital losses from previous years. The amount to be included in Darryl's taxable income will be $45.000 if there were $23.000 capital losses from previous years. The amount to be included in Darryl's taxable income will be $40.500 if there were $30,000 capital losses from previous years
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