Question 48 of 75. Rents received as payment for use of real estate held for investment purposes are: Not-for-profit income, reported on Form 1040, line 21. Investment income, reported on Schedule E. Business earned income, reported on Schedule C. None of the above. INTITIOAIIUN AL es completed in trans YNOW Mark for follow up Question 49 of 75. What is the AMT consequence when a taxpayer disposes of rental property? O There is no AMT consequence. It may be necessary to recalculate gain or loss due to AMT. Sales expenses are disallowed when calculating gain or loss for AMT. Property tax deductions are disallowed when calculating gain or loss for AMT. Mark for follow up Question 50 of 75. Generally, when a taxpayer disposes of their entire interest in a passive activity where all gain or loss is reco Brier-year unallowed passive activity losses are