$\frac{2}{23}\frac{?}{24},10$:$03$ AM

Roalize Your Potential: HaR Block

$($C$)$ April $20.$

August $28.$

September $1.$

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Question $54$ of $75.$

Which of the following statements is TRUE regarding the Section $199$A qualified business income deduction for rental real estate owners?

Both commercial and residential real estate may be part of the same rental real estate enterprise.

If the taxpayer does not make the safe harbor election, they may still be able to take the deduction based on facts and circumstances.

If the taxpayer does not qualify for the safe harbor election, they will not be able to take the deduction regardless of facts and circumstances.

The rental enterprise safe harbor election will be beneficial for all taxpayers, even if the rental generates a net loss for the year.

Question $60$ of $75.$

How is compensation from the exercise of nonstatutory stock options reported on Form W$-2$ if compensation is NOT recognized on the date of the grant?

In box $12,$ the code $"$V$"$ indicates a specific type of income. The amount reported with this code represents the

Fair market value of the stock over the exercise price at the time of exercise.

Fair market value of the stock over grant price at the time of vesting.

Grant price of the stock over the exercise price at the time of exercise.

Grant price of the stock over the fair market value at the time of vesting.

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Question $61$ of $75.$

Guenevere received a nonstatutory stock option from her employer on January $1,2023.$ The option gives her the right to purchase $50$ shares of her company's stock at $$11$ per share. The option is not traded on an established market, and its value could not be readily determined when it was granted. Altoun. On December $31,2023,$ the stock was trading at $$21$ per share. value of the stock increased after she received the in her $2023$ income as a result of being granted this option?

$$0$

$$500$

$$5$tso

$$1,050$

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$2/23/24,10$:$09$ AM

Realize Your Potential: H&R Block

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Question $59$ of $75.$

Which of the following events is considered a casualty for tax purposes?

Collin caused a car accident when he was driving while intoxicated.

After a particularly rainy summer, Frank discovered that there was mold growing in his home along the outside walls.

The retaining wall around Leo's home collapsed due to progressive deterioration.

The building that Shanice lived in was destroyed in a terrorist attack.

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