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Which of the Following Statements Is Incorrect Concerning Rental Properties

Question 29

Multiple Choice

Which of the following statements is incorrect concerning rental properties?


A) Generally,rental activities are reported on Schedule
B) All ordinary expenses related to the rental activity are deductible.
C) Capital improvements may be deducted as expense in the year the improvements are made.
D) Travel expenses related to the rental activity are calculated using the standard mileage rate.

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