Problem $6-41($LO $6-1,$ LO $6-2)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Charles has AGI of $$46,000$ and has made the following payments related to

land he inherited from his deceased aunt and

a personal vacation taken last year. b$.$ Suppose that Charles holds the land for rent. c$.$ Suppose that Charles holds the land for appreciation and that the vacation was actually a business trip.