1. Margie, a single taxpayer, owned and used her home as a principal residence for 18 months. She then sold her home because of a new job in another city, realizing a gain on the sale of $300,000. What would Margie’s reportable gain be?
2. Difference between residential, retail, commercial/office space, and industrial lease. How are the similar, which is preferable under which circumstances.
3. The systematic risk where changes in interest rates will affect the value of securities is known as default rate risk. True or false