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question 44

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Use the following to answer questions:
Matching
Select from the following list of terms to match the description with the best answer.Some terms may be used more than once or not at all.
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Definitions:

Partnership

A legal business relationship between two or more individuals who share management and profits or losses of the business.

Schedule E

A financial document utilized for declaring earnings and deficits from sources such as rental real estate, royalties, partnership entities, S corporations, estates, and trusts.

Capital Improvement

An addition or renovation to a property that increases its value, typically beyond ordinary repairs.

Repair and Maintenance

Expenses for fixing and maintaining assets to keep them in good working condition, often deductible for tax purposes.

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