c. What is the proper tax treatment if Matt and Marie rented the house
for only 14 days?
8. Janet owns a condominium at the beach. She incurs the following
expenses:
Mortgage interest $1,300
Property taxes 800
Insurance 1,500
Utilities 1,800
Repairs 300
Depreciation 4,000
What is the proper treatment of these expenses as applied to the
following situations? Use the Tax Court allocation method, if
applicable.
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ACC 401 Week 3 DQ 1 Self-Employed Business Income &
Capital Gains
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Ch6.
1. Discuss the definition of trade or business. Why does it matter
whether a taxpayer is classified as an employee or as self-employed?