The Body of a Request for Recommendations Should ________

question 79

Multiple Choice

The body of a request for recommendations should ________.

• A)include the full name and address of the person to whom the letter should be sent.
• B)mention a deadline for recommendation
• C)include an offer to pay for the service rendered
• D)contain a sincere apology for the trouble caused
• E)contain an expression of appreciation

---

Definitions:

Basis

The amount of investment in a property for tax purposes, used to calculate gain or loss on the sale or other disposition of the property.

Condemnation Proceeds

Financial compensation received when property is taken by a government authority through eminent domain.

Recognized Gain

The amount of profit that is realized from the sale of assets that must be reported for tax purposes.

Adjusted Basis

The original cost of a property adjusted for factors such as depreciation or improvements, used to calculate capital gains or losses for tax purposes.