5) What are the three additional tests that must be met to be a qualifying relative? Briefly explain each test.

6) Points paid at settlement on the initial financing of one's principal residence must be capitalized and amortized over the period of time to which they relate.

True or False

7) Interest credited to a taxpayer's savings account is not included in their income until it is withdrawn. True or False

8) A taxpayer receives rental income in 2019, with the understanding that he will rebate whatever is deemed excessive by rent-control authorities. He is compelled to make such a rebate in 2020. He should include the full amount of the rent received in 2019, in his income for that year. True or False