McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

تمرين 9

Assuming Alexa receives $20,000 in gross rental receipts, answer the following questions:
a.What effect does the rental activity have on her AGI for the year?
b.Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property.c.Assuming that Alexa's AGI from other sources is $120,000 what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property.d.Assume that Alexa's AGI from other sources is $200,000.This consists of $150,000 salary, $10,000 of dividends, and $25,000 of long-term capital gain, and net rental income from another rental property in the amount of $15,000.What effect does the Cocoa Beach Condo rental activity have on Alexa's AGI?