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tax income question Direct expenses, rental portion of Schedule A expenses, depreciation, indirect operating expenses, and carryover expenses Direct expenses, depreciation, rental portion of Schedule
tax income question
Direct expenses, rental portion of Schedule A expenses, depreciation, indirect operating expenses, and carryover expenses Direct expenses, depreciation, rental portion of Schedule A expenses, indirect operating expenses, and carryover expenses Mark for follow up Question 49 of 75. in the disposition of a part rental/part personal use property, under what circumstances would a taxpayer NOT need to allocate gain between the rental and personal part of the property? The disposition is part of a nontaxable exchange. The disposition is the result of foreclosure The rental part of the property was separate from the part used personally. The taxpayer rented an extra bedroom within the residence. 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 recognized any prior-year unallowed passive activity losses are: Included with current-year passive activity gain or loss and allowed in full ad amuand until donlotad
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