Maria, a single taxpayer, had losses totaling $30,000 from a rental real estate activity in which she actively participated. Maria also had $15,000 of income from another rental real estate activity in which she actively participated. She acquired both investments in the current year. If Maria has no other passive income and adjusted gross income before passive losses of $70,000, how much loss from rental activities can she use to offset her portfolio and active income?

Answers

Answer 1

Answer:

$25,000

Explanation:

The computation of the loss from rental activities is shown below

If there is any loss arise from the real estate with respect to the rental activity so the same would be deducted from the passive income

The losses till $25,000 would be used for offset active or the income of the portfolio

Hence, $25,000 would be the losses


Related Questions

Determine which of the statements below explain what an accounting system does. (Check all that apply.) Multiple select question. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions. It is a computerized information platform designed to replace formal financial statements. It collects and processes data from transactions and events. It organizes financial information into useful reports. It communicates financial information to decision makers.

Answers

Answer:

I. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions.

II. It collects and processes data from transactions and events.

III. It organizes financial information into useful reports.

IV. It communicates financial information to decision makers.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

The fundamental functions of an accounting system includes;

I. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions.

II. It collects and processes data from transactions and events.

III. It organizes financial information into useful reports.

IV. It communicates financial information to decision makers.

A nation that has a comparative advantage in producing a good or service compared to
another nation can produce that good or service with a lower
O Efficiency
O Profit
O Resource cost
O Opportunity cost

Answers

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

If a loss from sale or exchange of property between related parties is disallowed and the property is subsequently sold to an unrelated party: a.The unrelated party may claim the loss previously disallowed. b.The disallowed loss is lost forever. c.The disallowed loss may be used to offset gain on the subsequent sale. d.An amended return may be filed to claim the loss previously disallowed. e.The disallowed loss may be used if there is a further loss on the subsequent sale.

Answers

Answer:

The disallowed loss may be used to offset gain on the subsequent sale

Explanation:

A recognized gain or loss is simply refered to as the gains or losses that increase or decrease the gross income of taxpayers.

The Internal Revenue Code (IRC) §267 had laid out rules guiding or relations to the deductions of either losses or expenses between 2 or more related parties.

The related-party loss disallowance rules states that tax laws significantly treat parties involved as though they are the same taxpayer and does not allow recognition of losses on sales to related parties and it may be able to forthrightly deduct the disallowed loss by selling the property to an unrelated third party at a gain and also oonly if the related buyer sells the property at a gain(the related-party buyer sells it for more than she purchased it for).

On the condition that the related-party buyer sells the property for less than her purchase price from the related seller, then disallowed loss expires unused.

Factors that have led to dominance of subsistence production despite development in technology in Kenya

Answers

Answer:

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Journal Information

This distinguished journal was founded and edited for more than 20 years by the late Harold Marcus, whose energy and dedication to the scholarly study of Ethiopia and its neighbors in the Horn of Africa inspired several generations of students and scholars throughout the world. While Northeast African Studies will bring some changes in focus and format, the editors remain committed to the high standards of research, writing, and production that the original journal championed.

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Subsistence farming means the type of farming practiced in some region where majority of the crops and livestock being raised are used to maintain the farmer and his/her family.

Only the excess produce of Subsistence farming allows for sale or trade in the market.

However, the dominance of subsistence production in some region such as Kenya and other part of Africa are caused by the following:

Low income in the family.Unemployment into labor force etc.

Learn more about Subsistence production here

brainly.com/question/17207041

easy career question for you

Answers

ANSWER:
I would think B would be your answer, but if we are talking about in 2021 with pandemic, then most likely A.

Hope this helps sorry if it doesn’t

Answer b


hope this helps

What are the Fabrication Department's equivalent units of production related to conversion costs for July?

Answers

Answer:

94

Explanation:

The computation of the  Fabrication Department's equivalent units of production related to conversion costs for July is shown below

Equivalent unit = Unit completed and transferred out + (ending work in process × percent completion)

= 74 + (20 × 100%)

= 94

functions of the economic commission for Africa.​

Answers

Answer:

The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.

The ECA's key responsibilities include researching problems of African countries' economic and social growth, fostering African states' economic development, and improving their economic relations with one another and with other countries.

For more information about this topic, you can always check out: https://encyclopedia2.thefreedictionary.com/Economic+Commission+for+Africa#:~:text=The%20main%20functions%20of%20the,another%20and%20with%20other%20countries.

Hope this helps; have a great day!

Environmental scanning is conducted only when a new business is opened. True or False?

Answers

The answer to this question is false

Myra took a 20-year loan for $80,000 at an APR of 11.5% compounded monthly approximately what would be the total cost of her loan if you paid it off 13 years early​

Answers

just dropped a file plus can you Brainliest me ?

Answer: 140,581.40

For me at least^

Explanation: Good Luck! :)

An employee who works from home is participating in what activity?​

Answers

Answer:

TELECOMMUTING

Explanation:

the name, or answer to an employee working from home would be called: a telecommuting employee
hope this helps!! <3

In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension, which she spent on clothes and recreation. Robert and Barbara paid Ada’s medical and drug expenses of $600 for the year. Robert and Barbara’s total food expense for the household was $6,000. The fair rental value of the lodging provided Ada was $1,200 for the year, based on the cost of similar room facilities. What was Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent?

Answers

Answer:

$5,300

Explanation:

Calculation to determine Ada’s total support for the year

Medical and drug expenses $600

Add Lodging $1,200

Add household total food expense $2,000

($6,000/3 Ada+Robert+Barbara)

Add Source of income $1,500

Total support $5,300

($600+$1,200+$2,000+$1,500)

Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300

Which examples demonstrate common education and qualifications for Management and Entrepreneurship careers? Check all that apply.
Horatio is good at following instructions.
Marissa has strong visual design skills for arranging displays.
Letisha has a bachelor’s degree in marketing.
Quentin has many years of experience in public relations.
Devon is able to stand for long periods of time.
Lloyd is skilled at planning and managing budgets.

Answers

Answer:

3- Letisha has a bachelor’s degree in marketing.

4-Quentin has many years of experience in public relations.

6-Lloyd is skilled at planning and managing budgets.

Explanation:

The example that shows qualification are

Letisha bachelor’s degree in marketing.Quentin years of experience in PR.Lloyd skills at planning and managing budgets.What are management and enterpreneurship?

Management and the entrepreneurship both terms refer to the part of administration of an organization that can be the business, the nonprofit, or even the government body.

Entrepreneurship is a process of discovering the new ways to combine resources. These resources have a greater value than the market.

Find out more information about the qualifications.

brainly.com/question/14584990

At any given time, the group of people age 16 years and older who are willing and able to work is known as
the
A discouraged workers
B. unemployed
C. population
D labor force

Answers

Answer:

d. labor force

Explanation:

thanks to the lad in the comments

Answer:

labor force

Explanation:

Each of the following is a reward of entrepreneurship EXCEPT:
A shorter work day
B. bringing ideas to life
C higher earnings potential
D. feeling of accomplishment

Answers

Answer:

higher earning potential.

.

.

please like

A fast food restaurant that normally uses plastic utensils is considering switching to reusable metal utensils. In order to conduct a life-cycle analysis of waste the restaurant would a compare the daily waste generated from plastic utensils to the daily waste generated in by the metal utensils. . b compare the waste generated from plastic utensils to the waste generated from the production, use, and disposal of the metal utensils. c determine the cost of disposing of metal utensils versus the cost of disposing of plastic utensils. d compare the cost of plastic utensils to the cost of reusable utensils.

Answers

Answer:

the answer is Plastic reduces the transfer of thermal energy to hands holding the utensils.

Explanation:

Match the following.

1 .
probate
a person who has died
2 .
intestacy
directs medical personnel to withhold or withdraw “heroic measures” or life-support
3 .
beneficiaries
a document that states the decedents wishes for the distribution of his/her assets
4 .
decedent
a document that gives legal rights to a designated person to handle your financial affairs and make and manage your health care decisions in the event that you can no longer do so
5 .
will
formal permission from a constituted authority to do a specific thing
6 .
living will
a contract renting land, property to another for a specified period of time and payment
7 .
durable power of attorney
persons designated as the recipients of funds or other property under a will, trust, insurance policy, etc.
8 .
lease
the state of having not made a will at death
9 .
license
an instrument for measuring distances traveled by an automobile
10 .
odometer
the official proving of a will as authentic or valid in a court

Answers

Answer:

Explanation:

1. Decedent: a person who has died

2. Living will: directs medical personnel to withhold or withdraw “heroic measures” or life-support.

3. Will: a document that states the decedents wishes for the distribution of his/her assets

4. Durable power of attorney: a document that gives legal rights to a designated person to handle your financial affairs and make and manage your health care decisions in the event that you can no longer do so.

5. License: formal permission from a constituted authority to do a specific thing.

6. Lease: a contract renting land, property to another for a specified period of time and payment

7. Beneficiaries: persons designated as the recipients of funds or other property under a will, trust, insurance policy, etc.

8. Instetacy: the state of having not made a will at death

9. Odometer: an instrument for measuring distances traveled by an automobile

10. Probate: the official proving of a will as authentic or valid in a court

is the object speeding up?​

Answers

can you finish the question please


1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?​

Answers

Answer:

Explanation:

Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...


You have established a new business in your neighbourhood
Explain how you would use power relationships to benefit your business

Answers

Answer:As a small-business owner, one of the most effective ways for you to compete ... Then plot them on a zip code map (easily found in most phone books). ... Understanding the importance of your marketing area will also help you ...

Who calls you are creepy person when you just ask or their names?! Tell me what you would do if your "friend" did that to you?

Answers

i would say what are you talking about

Answer:

If someone accuses you of something you're not, chances are they're what they're accusing you of.

Explanation:

i'd probably laugh and not care

1. An expenditure for which the government receives no good, service, or resource in return.: An expenditure for which the government receives no good, service, or resource in return. 2. A privately owned organization that produces goods and services and sells them to others.: A privately owned organization that produces goods and services and sells them to others. 3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.: A good or service that can be consumed by many people at once and that other people can't be prevented from using. 4. A legal claim of ownership.: A legal claim of ownership. 5. A market in which resources are exchanged for money.: A market in which resources are exchanged for money. 6. Consists of an individual or a group of people who live together and share income, such as you and your family.: Consists of an individual or a group of people who live together and share income, such as you and your family. 7. Models the interactions between key players in the economy.: Models the interactions between key players in the economy. 8. A market in which goods and services are exchanged for money.: A market in which goods and services are exchanged for money. 9. A rule of conduct passed by federal, state, or local governments.: A rule of conduct passed by federal, state, or local governments. 10. A payment for the use of a resource.: A payment for the use of a resource.

Answers

Answer:

1)Transfer payment

2)Firm

3)Public good

4)Property right

5)Factor market

6)Household

7)Circular flow diagram

8)Product market

9)Regulation

10) factor payment

Explanation:

1)An expenditure for which the government receives no good, service, or resource in return.:

(Transfer payment)

. 2. A privately owned organization that produces goods and services and sells them to others.:

( Firm)

3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.:

( public goods)

4. A legal claim of owners

hip.: A legal claim of ownership

(Property right)

5. A market in which resources are exchanged for money.

(Factor market)

6. Consists of an individual or a group of people who live together and share income, such as you and your family.

(Household)

7. Models the interactions between key players in the economy.:

(Circular flow diagram)

. 8. A market in which goods and services are exchanged for money.:

(Product market)

9. A rule of conduct passed by federal, state, or local governments.:

(Regulation)

10. A payment for the use of a resource.:

( Factor payment)

Other than the requirement that has been
describe Two other criteria that are in
bachelor degree studies
021​

Answers

Answer:

point system

Explanation:

need credentials and lots of point being that there's a point system

The two requirements for getting admitted to study for a Bachelor's Degree are:

One must pass the admission test scoresOne may be required to demonstrate an interest in committing to extracurricular activities such as sports. How do Admission Test Scores help with admission?

Some schools usually administer admission tests or exams. This is true for Universities where admission is very competitive. When a student passes these exams, it increases their chances of getting admitted.

Extracurricular Activities and Admission

Many colleges in the US see sports (especially basketball) as one of the strategies that help them remain relevant. Such schools, during admission, will favor students who are exceptionally talented in such sports or their preferred extracurricular activity.

See the link below for more about Bachelor Degree:

https://brainly.com/question/17496239

John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.

Answers

Answer:

C

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Do you think employees should be given a reason for being fired? Explain your answer.

Answers

Answer:

MOST DEFINETLY!!

Explanation:

If they never find out what they did wrong they can never learn from their mistake(s)! if your given a warning, that means to stop!

YESSSSSSS ITS KINDA MESSED UP NGL

Sticking to a list will help you save money.

True
False

Answers

True, sticking to a list and buying pure necessities will help save money.

Hope this helped :)
The correct answer is true!!


Have a blessed day!!

1.4. Explain the role of financial markets in the economy.​

Answers

Explanation:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services. The combination of well-developed financial markets and institutions, as well as a diverse array of financial products and instruments, suits the needs of borrowers and lenders and therefore the overall economy.

E16-4. On January 1.2013, when its $30 par value common stock was selling for $80 per share, Plato Corp. issued $10,000,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1000 bond to convert the bond into five shares of the coporation's common stock. The debentures were issued for $10,800,000. The present value of the bond payments at the time of issuance was $8,500,000, and the corporation believe the differnece between the present value and the amount paid is attributable to the conversion feature. On January 1, 2014, the corporation's $30 par value common stock was split 2 for 1, and conversion rate for the bonds was adjusted accordingly. On January 1, 2015, when the corporation's $15 par value common stock was selling for $135 per share, holders of 30% of the convertible debentures exercised their conversion options. The corporation uses a straight line method for amortizating any discounts or premiums.Instructions(a) Prepare in general journal form the entry to record the original issuance of the convertible debentures(b) Prepare in general journal form the entry to record the exercise of the conversion option, using the book value method. Show supporting computation in good form.

Answers

Answer:

A. Dr Cash Account $10,800,000

Cr To Bonds Payable $10,000,000

Cr To Premium Payable $800,000

B.Dr Bonds Payable account $3,000,000

Dr Premium on bonds payable Debited $2,700,000

Cr To Common Stock $7,500

Cr Additional paid in capital $5,692,500

Explanation:

(a) Preparation of the journal entry to record the original issuance of the convertible debentures

Dr Cash Account $10,800,000

Cr To Bonds Payable $10,000,000

Cr To Premium Payable $800,000

($10,000,000*8/100=$800,000)

(Being issue of share on convertible debenture)

b.Preparation of the journal entry to record the exercise of the conversion option, using the book value method

Dr Bonds Payable account $3,000,000

Dr Premium on bonds payable Debited $2,700,000

Cr To Common Stock $7,500

Cr Additional paid in capital$5,692,500

($3,000,000+$2,700,000-$7,500)

(Being maintain the record of outstanding conversation of debenture)

Calculation for for BONDS CONVERTED

First step is to calculate the amortization for 2013

Amortization for 2013=$10,000,000/20

Amortization for 2013=$500,000

Second step is to calculate the amortization for 2014

Amortization for 2014=$10,000,000/20

Amortization for 2014=$500,000

Third step is to Calculate the premium on bonds payable

Premium on bonds payable=$10,000,000−($500,000+$500,000)

Premium on bonds payable=$9,000,000

Now let calculate the bonds converted

Bonds converted=$9,000,000×30/100

Bonds converted=$2,700,000

Calculation for COMMON STOCK

First step is to calculate the number of bonds

Number of bonds=$10,000,000/1000

Number of bonds=10,000

Second step is to calculate Price for the bond

Price for the bond=10,000×5

Price for the bond=50,000

Third step is to Calculate for Stock Split

Stock Split=50,000/2

Stock Split=25,000

Now let calculate the common stock

Common stock=25,000×30/100

Common stock=7,500

Calculation for BONDS PAYABLE

Bonds Payable=10,000,000×30/100

Bonds Payable=3,000,000

Answer:

my own answer is 7500x30=225000

Finance managers tend to be more customer centric than marketers.

True
False

Answers

Answer:

True

Explanation:

Answer: I really do believe it’s true.

Explanation:

Just a gut feeling, based off past studies i’ve done that somewhat relate to this.

Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?

Answers

Answer:

$57,100

Explanation:

The technique for this question to follow closely the payment cycle

Calculation of January Cash Receipts

Cash Sales ($59,000 x 10%)                               $5,900

Credit Sales in January ($59,000 x 40%)        $23,600

Credit Sales in December  ($51,000 x 50%)   $25,500

Credit Sales in December  ($21,000 x 10%)       $2,100

Total                                                                    $57,100

Conclusion

the expected cash receipts for January from the current and past sales is $57,100

Theo would like to apply formatting to record data based on values in comparison with values in other fields.
Which option should he use?
Conditional Formatting
Access Rules
Expression Builder
Field Validation Rules

Answers

Answer:

A

Explanation:

Other Questions
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