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Which of the following accurately describes the tax implications of investing in real estate and rental properties? a ) Real estate investments are not subject

Which of the following accurately describes the tax implications of investing in real estate and rental properties?
a) Real estate investments are not subject to taxation.
b) Rental income is tax-exempt.
c) Rental income is subject to taxation, and expenses related to real estate investments may be deductible.
d) Rental income is taxed at a fixed rate determined by the IRS.

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