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Which of the Following Is a True Statement

Question 84

Multiple Choice

Which of the following is a true statement?


A) If interest rates rise demand for second homes will rise.
B) If someone manages your rental property, expect to pay 5 to 10 percent in management fees.
C) Rental expenses are not limited for tax purposes.
D) Rental expenses are treated as a passive loss once they exceed rental income.
E) All of these statements are true.

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