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Which of the following statements is NOT correct? a. Interest paid on funds borrowed to make interest-free loans to employees is not deductible. b. Income
Which of the following statements is NOT correct? a. Interest paid on funds borrowed to make interest-free loans to employees is not deductible. b. Income from rental properties can be either business income or property income. c. Interest paid on a mortgage on a principal residence can be deductible. d. When property income is earned, the income attribution rules may apply.
Which of the following statements is NOT correct?
a.
Interest paid on funds borrowed to make interest-free loans to employees is not deductible.
b.
Income from rental properties can be either business income or property income.
c.
Interest paid on a mortgage on a principal residence can be deductible.
d.
When property income is earned, the income attribution rules may apply.
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