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Suni invested $100,000 in rental property for which she received $10,000 rent. She will have to pay taxes on the full $10,000 rental income. True/

Suni invested $100,000 in rental property for which she received $10,000 rent. She will have to pay taxes on the full $10,000 rental income.

True/ False

Which of the following is not an example of nonprobate property?

Property owned by joint-tenancy with rights of survivorship

Property designated in a will

A retirement account such as a 401(k) or IRA

A bank account with a payable-on-death designation

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