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Income from property rented through online platforms will generally fall into one of three categories. Each of the following is a classification for tax reporting
Income from property rented through online platforms will generally fall into one of three categories. Each of the following is a classification for tax reporting for rental income purposes EXCEPT: O Schedule C. O Schedule D. O Schedule E. O The rental is not taxable. Edward is single. His modified adjusted gross income of $241,000 includes: wag $7.500 of tax-exempt interest, $3,000 of dividends, $2,500 of rental income and $25.000 investment income and none of the income is from a trade or business. Edward will calculate income tax on includes: wages of $209,000, $1,500 of interest ne and $25,000 of capital gains. He has no other ard will calculate his net investment $29,500 $32,000 O $39,500 $241,000
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