我々の目的はあなたにAICPAのREG Pdf問題サンプル試験に合格することだけです。試験に失敗したら、弊社は全額で返金します。我々の誠意を信じてください。 購入前にNewValidDumpsが提供した無料の問題集をダウンロードできます。自分の練習を通して、試験のまえにうろたえないでしょう。 AICPAのREG Pdf問題サンプル試験はいくつ難しくても文句を言わないで、我々NewValidDumpsの提供する資料を通して、あなたはAICPAのREG Pdf問題サンプル試験に合格することができます。
弊社のREG - CPA Regulation Pdf問題サンプル問題集はあなたにこのチャンスを全面的に与えられます。 それはNewValidDumpsが提供した試験問題資料は絶対あなたが試験に合格することを保証しますから。なんでそうやって言ったのはNewValidDumpsが提供した試験問題資料は最新な資料ですから。
現在IT技術会社に通勤しているあなたは、AICPAのREG Pdf問題サンプル試験認定を取得しましたか？REG Pdf問題サンプル試験認定は給料の増加とジョブのプロモーションに役立ちます。短時間でREG Pdf問題サンプル試験に一発合格したいなら、我々社のAICPAのREG Pdf問題サンプル資料を参考しましょう。また、REG Pdf問題サンプル問題集に疑問があると、メールで問い合わせてください。
あなたはREG Pdf問題サンプル試験に不安を持っていますか？REG Pdf問題サンプル参考資料をご覧下さい。私たちのREG Pdf問題サンプル参考資料は十年以上にわたり、専門家が何度も練習して、作られました。あなたに高品質で、全面的なREG Pdf問題サンプル参考資料を提供することは私たちの責任です。私たちより、REG Pdf問題サンプル試験を知る人はいません。
NewValidDumpsのトレーニング資料はIT認証試験に受かるために特別に研究されたものですから、この資料を手に入れたら難しいAICPAのREG Pdf問題サンプル認定試験に気楽に合格することができるようになります。AICPAのREG Pdf問題サンプル試験に受かることを通じて現在の激しい競争があるIT業種で昇進したくて、IT領域で専門的な技能を強化したいのなら、豊富なプロ知識と長年の努力が必要です。
QUESTION NO: 1
Farr made a gift of stock to her child, Pat. At the date of gift, Farr's stock basis was $10,000 and the
stock's fair market value was $15,000. No gift taxes were paid. What is Pat's basis in the stock for computing gain?
A. $0
B. $5,000
C. $10,000
D. $15,000
Answer: C
Explanation
Choice "c" is correct. Property acquired as a gift generally retains the rollover cost basis as it had in the
hands of the donor at the time of the gift. Basis is increased by any gift tax paid that is attributable to the
net appreciation in the value of the gift. Since there were no gift taxes paid, Pat's basis for computing a
gain is the rollover cost (basis), $10,000.
Choices "a", "b", and "d" are incorrect, per the explanation above.
QUESTION NO: 2
For a cash basis taxpayer, gain or loss on a year-end sale of listed stock arises on the:
A. Trade date.
B. Settlement date.
C. Date of receipt of cash proceeds.
D. Date of delivery of stock certificate.
Answer: A
Explanation
Choice "a" is correct. Trade date.
Gain or loss on a year-end sale of listed stock arises on the trade date.
Rule: Whether on the cash or accrual method of accounting taxpayers who sell stock or securities on an
established securities market must recognize gains and losses on the trade date, rather than on the settlement date.
Choices "b", "c", and "d" are incorrect, per the above rule.
QUESTION NO: 3
Conner purchased 300 shares of Zinco stock for $30,000 in 1980. On May 23, 1994, Conner sold all the
stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss
during 1994. On July 26, 1994, Alice sold the 300 shares of Zinco for $25,000.
What amount of the loss from the sale of Zinco stock can Conner deduct in 1994?
A. $0
B. $3,000
C. $5,000
D. $10,000
Answer: A
Explanation
Choice "a" is correct. Even though Conner has a realized loss of $10,000 on this transaction he cannot deduct the loss since it was incurred in a transaction with his daughter, a related party.
Choice "b" is incorrect. $3,000 is the limit on deductible net capital losses. However, Conner cannot deduct this loss, since it was incurred in a transaction with his daughter, a related party.
Choice "c" is incorrect. Conner's realized loss on the sale is $10,000 ( $20,000 proceeds less $30,000 basis). However, Conner cannot deduct this loss, since it was incurred in a transaction with his daughter,
a related party.
Choice "d" is incorrect. $10,000 is Conner's realized loss on the sale. However, Conner cannot deduct this loss, since it was incurred in a transaction with his daughter, a related party.
QUESTION NO: 4
Don Wolf became a general partner in Gata Associates on January 1, 1989, with a 5% interest in
Gata's
profits, losses, and capital. Gata is a distributor of auto parts. Wolf does not materially participate in the
partnership business. For the year ended December 31, 1989, Gata had an operating loss of
$100,000.
In addition, Gata earned interest of $20,000 on a temporary investment. Gata has kept the principal temporarily invested while awaiting delivery of equipment that is presently on order. The principal will be
used to pay for this equipment. Wolf's passive loss for 1989 is:
A. $0
B. $4,000
C. $5,000
D. $6,000
Answer: C
Explanation
Choice "c" is correct. Wolf's passive loss for 1989 is $5,000 ( $100,000 operating loss * 5% interest in partnership).
Choice "a" is incorrect. Wolf did not materially participate in the partnership, so the loss was passive.
Choice "b" is incorrect. Wolf's passive loss of $5,000 could not be reduced by his distributive share of the
partnership's "interest income" totaling $1,000. Interest income is considered "portfolio income," and
neither the partnership nor a partner can offset it against passive losses.
Choice "d" is incorrect. No items of income or deduction from portfolio income or activities in which the
taxpayer materially participates may be combined or offset with passive losses unless the activity generating the loss is completely disposed of in a taxable transaction.
QUESTION NO: 5
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
The Moores received a $500 security deposit on their rental property in 1994. They are required to return the amount to the tenant.
A. $0
B. $500
C. $900
D. $1,000
E. $1,250
F. $1,300
G. $1,500
H. $2,000
I. $2,500
J. $3,000
K. $10,000
L. $25,000
M. $50,000
N. $55,000
O. $75,000
Answer: A
Explanation
"A" is correct. $0. The security deposit is not taxable income because the Moores are required to return it
when the tenant leaves. If the deposit is applied to damages in a later tax year, the portion the
Moores
retain would be income to them in the year they retain the deposit, and the money they spend to repair the
damage would be a deduction to them.
Netskope NSK300 - 弊社の商品が好きなのは弊社のたのしいです。 NewValidDumpsのAICPAのPECB ISO-IEC-27001-Lead-Auditor試験トレーニング資料は間違いなく最高のトレーニング資料ですから、それを選ぶことはあなたにとって最高の選択です。 PMI PMP - NewValidDumps を選択して１００％の合格率を確保することができて、もし試験に失敗したら、NewValidDumpsが全額で返金いたします。 Huawei H31-311_V2.5 - あなたは新しい旅を始めることができ、人生の輝かしい実績を実現することができます。 あなたはインターネットでAICPAのSalesforce Marketing-Cloud-Account-Engagement-Consultant-JPN認証試験の練習問題と解答の試用版を無料でダウンロードしてください。
Updated: May 26, 2022