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Taxation law Question 2 (5 marks) Molly and Tim jointly purchased a property for $1,000,000. The investment property generated net annual rental income of $20,000.

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Taxation law

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Question 2 (5 marks) Molly and Tim jointly purchased a property for $1,000,000. The investment property generated net annual rental income of $20,000. Alice put in $300,000 and Tom put in $700,000. Required: Determine the protlloss allocated to Molly and Tim

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