subject
Business, 08.04.2020 04:59 jenn8055

QUIZLET Francisco owns a beach house condo that he rents. The following information is available: Personal use days 10 days Used by relatives 90 days Rental days 200 days Rental income $40,000 Expenses: Association condo fees $24,000 Utilities: Taxes $12,000 Interest on acquisition loan: $600,000 at 3% interest only $18,000 (this is the only debt of the taxpayer) Management fee for rentals $15,000 Depreciation $4,000 What kind of activity is this for tax purposes? Question 39 options: Vacation home. Personal residence Rental property Mixed use property

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:00
Sarah borrowed $16,500 on may 23 with interest due on september 3. if the interest rate is 9%, find the interest on the loan using exact interest and ordinary interest.
Answers: 2
question
Business, 21.06.2019 19:10
The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.
Answers: 3
question
Business, 22.06.2019 08:20
Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand
Answers: 3
question
Business, 22.06.2019 16:10
Regarding the results of a swot analysis, organizational weaknesses are (a) internal factors that the organization may exploit for a competitive advantage (b) internal factors that the organization needs to fix in order to be competitive (c) mbo skills that should be emphasized (d) skills and capabilities that give an industry advantages problems that a specific industry needs to correct
Answers: 1
You know the right answer?
QUIZLET Francisco owns a beach house condo that he rents. The following information is available: Pe...
Questions
question
Biology, 02.09.2021 20:30
question
Mathematics, 02.09.2021 20:30
question
Social Studies, 02.09.2021 20:30
question
Mathematics, 02.09.2021 20:30
Questions on the website: 13722367