With Respect to Residential Rental Property

question 28

Multiple Choice

With respect to residential rental property

• A)80% or more of the gross rental income from the building or structure must be rental income from dwelling units in order for it to be classified as residential rental property.
• B)hotels are not included in this category if less than half of the units are used on a transient basis.
• C)80% or more of the net rental income from the building or structure must be rental income from dwelling units in order for it to be classified as residential rental property.
• D)gain is not subject to the depreciation recapture provisions if the property is held more than one year.

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Definitions:

Psychoses

A mental health disorder characterized by a disconnection from reality, which may include delusions, hallucinations, and impaired thought processes.

Mental Retardation

An outdated and now considered offensive term for intellectual disability, characterized by below-average cognitive ability and impairments in adaptive behaviors.

Autism

A developmental disorder characterized by difficulties in social interaction and communication and by restricted or repetitive patterns of thought and behavior.

Positive Reinforcement

The addition of a rewarding stimulus following a desired behavior, making the behavior more likely to occur in the future.