Multiple Choice
Fergus owns a rental property. Instead of hiring contractors he does all of the property maintenance and repairs himself, keeping careful records. Which one of the following amounts is not a deduction for tax purposes?
A) $700 for shrubs and flowers.
B) $250 for bookkeeping services.
C) $400 for lumber, paint and hardware.
D) $500 for his labour (50 hours @ minimum wage of $10 per hour) .
Correct Answer:
Verified
Correct Answer:
Verified
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