If a taxpayer materially participates in a real estate activity as a real estate professional, the income and expenses of the activity should be reported on: Schedule A. Schedule C. Schedule E. None of the above Which of the following is NOT considered a capital improvement for a rental activity? Addition of a bathroom Replacement of the roof Repair of a leaky water pipe New landscaping What is the proper tax treatment of capital improvements for a residential or commercial rental property? IRC section 179 may be claimed Can be deducted as ordinary expenses Must be depreciated using the double-declining balance method Must be depreciated using straight-line over 27 1/2 or 39 years