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What is a key consideration regarding the reporting requirements for rental income and expenses? a ) Classifying expenses as either deductible or nondeductible b )

What is a key consideration regarding the reporting requirements for rental income and expenses?
a) Classifying expenses as either deductible or nondeductible
b) Maximizing rental income to minimize tax liabilities
c) Using cash basis accounting for reporting rental transactions
d) Reporting rental income and expenses only if they exceed a certain threshold

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