tax income question

Mark for follow up Question 16 of 75. Which of the following situations involving an exchange of business property does NOT exemplify a fully nontaxable exchange? David traded his delivery van with Marcia for a delivery van that had more space and less mileage. He also paid her $2.000 in cash O Miranda traded a commercial building plus $50,000 for Patricia's commercial building Harold traded an improved lot for Oliver's rental house. Oliver paid the $2,000 expense incurred with the exchange. O Sarah traded a fully leased office building for an office building that did not have any tenants. No cash or expenses incurred for the exchange Mark for follow up Question 17 of 75. In January 2016, Sue purchased and placed into service a $20,000 piece of equipment for exclusive use in her business Since then, she claimed a $6,000 Section 179 deduction and $6,654 MACRS depreciation. She sold the equipment in November 2018 for $7,000. What is the amount and type of gain or loss, and where on Form 4797 does Sue report the sale? 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