este partnership return for individual partner CR. ) Northeve Al building has not inne of 52.100 per month, with the tenant paying all expenses w buyer pay seeking a fent multiplier o plenette insurance and repairs) which total 5.000 per month. What cash price .) 20. O ) .000 5305.000 .) 374.400 e) SSS. a) None - used up by Bren! 41 Iran nally depreces a rent house structure to Zero, and then solls it to you, what depreciation per or over and value do you set by buying it from me? D) Depreciation starts over! c) Land Value Only c) Buen original structure value at his Time Zero c) None of the above 42 Ir you accept a note receivable or owner financed note/mortgage for part of your profits on a sale, the IRS treats each payment as: a) Interest-ordinary income b) Capital gains, taxed at capital gain rate c) Return of investment as non-taxable income d) All of the above e) None of the above 43. On an annual tax return, interest paid during the construction stage of a commercial project is: a) Deductible, as is more interest deductible against income b) Capitalized like sticks and bricks and is part of basis - Not deductible c) Deferrable until the building is sold - converted to cost of sale d) Expensed as an operating expense e) All interest in real estate is deductible in real estate! stion 44-45 A property has vacancies of 10% all year, expenses of $500 per month and nets an of $8,000 per month. If it sold for the following prices, what would the capitalization rate be? 4. $800,000 sold price (data above) 10% 1% 6.4% 12% Not enough data or none of the above $450,000 sold price (data above) .8% 7.8% este partnership return for individual partner CR. ) Northeve Al building has not inne of 52.100 per month, with the tenant paying all expenses w buyer pay seeking a fent multiplier o plenette insurance and repairs) which total 5.000 per month. What cash price .) 20. O ) .000 5305.000 .) 374.400 e) SSS. a) None - used up by Bren! 41 Iran nally depreces a rent house structure to Zero, and then solls it to you, what depreciation per or over and value do you set by buying it from me? D) Depreciation starts over! c) Land Value Only c) Buen original structure value at his Time Zero c) None of the above 42 Ir you accept a note receivable or owner financed note/mortgage for part of your profits on a sale, the IRS treats each payment as: a) Interest-ordinary income b) Capital gains, taxed at capital gain rate c) Return of investment as non-taxable income d) All of the above e) None of the above 43. On an annual tax return, interest paid during the construction stage of a commercial project is: a) Deductible, as is more interest deductible against income b) Capitalized like sticks and bricks and is part of basis - Not deductible c) Deferrable until the building is sold - converted to cost of sale d) Expensed as an operating expense e) All interest in real estate is deductible in real estate! stion 44-45 A property has vacancies of 10% all year, expenses of $500 per month and nets an of $8,000 per month. If it sold for the following prices, what would the capitalization rate be? 4. $800,000 sold price (data above) 10% 1% 6.4% 12% Not enough data or none of the above $450,000 sold price (data above) .8% 7.8%
