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From a tax standpoint, rental property income is appealing because ________. Question options: it allows taxpayers to claim losses for CCA that exceeds rental income
From a tax standpoint, rental property income is appealing because ________.
Question options:
| it allows taxpayers to claim losses for CCA that exceeds rental income |
| only 50% of the income is includable in a taxpayer's Net Income for Tax purposes |
| capital losses from rental properties are deductible against property income |
| there is a wide variety of expenses which are deductible from rental income for tax purposes and the rental building can be depreciated for tax purposes, even though most real property appreciates over time |
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