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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 -

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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 - $35,000 Sale of shares - $20,000. The shares had been held for 18 months and had cost $8,000 Rental expenses - $53,000 State ALL the answers that are correct. The amount to be included in Darryl's taxable income will be $88,000 if there were no capital losses from previous years. The amount to be included in Darryl's taxable income will be $94,000 if there were no capital losses from previous years. The amount to be included in Darryl's taxable income will be $65,000 if there were $23,000 capital losses from previous years. The amount to be included in Darryl's taxable income will be $64,000 if there were $30,000 capital losses from previous years

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