Maria, Bakka and Osing are the heirs of Jaime who died on September 1, 2019/ The properties
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Maria, Bakka and Osing are the heirs of Jaime who died on September 1, 2019/ The properties of jaime comprised solely of real property valued at P50,000,000 at the time of death. The property is primarily deriving rental income. In 2020, the property remained undivided and it derived a net rental income of P15,000,000.
What amount should each heir report in their individual returns as their share in the net rental income of the property they inherited?
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Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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