Listed propert - Study guides, Class notes & Summaries

Blockbusting causes: A Trust busting B Panic peddling C Blind advertising D Redlining B. Panic Peddling Blockbusting causes panic peddling (also known as panic selling), where homeowners quickly sell their homes for fear of a drop in home values due to the entry of a protected class into their neighborhood. Which of the following advertisements would violate fair housing law? A Private outdoor space B No elevator access C Walk-in closet D Easy access to the highway C Walk-i...

FEDERAL INCOME TAX EXAM #3 QUESTIONS AND VERIFIED ANSWERS 100% CORRECT Sole Proprietorship - CORRECT ANSWER--Owners have liability for debts -Assets owned in name of the individual -Unincorporated Limitations associated with Sole Prop. - CORRECT ANSWER-Excess Business Loss Limitation and Passive Activity Business Income Deduction criteria - CORRECT ANSWER-Deductions must be directly connected to business activity -Ordinary and necessary(conducive to profit generation) -Reasonable in amount(no...