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DO NOT GUESS. ANSWER FOR TAX YEAR 2018. THANK YOU 1. Which of the following...

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Accounting

DO NOT GUESS. ANSWER FOR TAX YEAR 2018. THANK YOU

1. Which of the following uses of a dwelling unit does not count as personal use?

The taxpayer's parents use the unit for two weeks and pay a fair rental price.

The dwelling is rented to a friend for less than a fair rental price.

The taxpayer stays at the dwelling while working full-time to replace the roof.

All of the above count as personal use.

None of the above count as personal use.

2. Which of the following expenditures incurred on an apartment building would NOT considered a capital improvement?

Replacing a broken window

Installing of a new roof

Paving a driveway

Replacing the kitchen cabinets

All of the above are treated as improvements

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