Question
which item below is added to the original basis to arrive at the adjusted basis ? discount , rebates, or reimbursements of the purchase price
which item below is added to the original basis to arrive at the adjusted basis ?
discount , rebates, or reimbursements of the purchase price
the cost of capital improvements
insurance reimbursements for property damage
any tax credits received through ownership of the asset
2. Olga 20 is a full time student , eligible to be claimed as dependent on her moms return. this year Olga incurred 2000 in educational expenses for her tuition . if Olga mother choice to claim exemption. which is true
Olga may claim educational credit or tuition and fees deduction and may also claim her own dependency exemption
Olga may claim educational credit or tuition and fees deduction , but she may not claim her own dependency exemption
Olga may claim educational credit , but she may not claim the tuition and fees or her own exemption
Olga may not claim an educational credit , tuition and fees deduction , or her own exemption
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