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Question 19 1 pts 19. A refundable tax credit Is deductible on Schedule A O is invalid if there is passive income on a tax
Question 19 1 pts 19. A refundable tax credit Is deductible on Schedule A O is invalid if there is passive income on a tax return O Can offset all income tax in a tax year and potentially still result in a refund Is eligible only for taxpayers over the age of 65 Question 20 1 pts 20. Which is not true about capital gains and losses? o Capital losses can be taken from income up to $5,000 a year in capitla gains o Capital losses can be carried forward indefinitely o Capital losses can offset capital gains o Capital gains are generally taxed at a rate other than ordinary income
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