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For preparing a tax return, estimated amounts -- A. may never be used. Only verified data can be used. B. may be used only if
For preparing a tax return, estimated amounts --
A. | may never be used. Only verified data can be used. | |
B. | may be used only if it is not practical to obtain exact data. | |
C. | may be used if the tax preparer determines the estimates are reasonable under the circumstances. | |
D. | do not include appraisals and valuations. | |
E. | Options B, C, and D are correct. |
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