Individual

Question 0

UBI. Vs. RBI

Answer 0

Tax exempt Organization. UBI. Unrelated business income. Taxable. RBI. Related business income. Non taxable

Question 1

Depreciation

Answer 1

5c 7F. 27.5R. 39N. 200% DDB schC. Half year convention. Mid quarter only when purchase 40%이상 4 분기 150% DDB sch F

Question 2

Carry back. Carry forward

Answer 2

AMT: X CB. =CF. Investment interest expense: X CB. =CF. Ind C/L X CB. =CF. Passive Loss: X CB. =CF. Charitable Contribution: XCB. 5 CF. Corp C/L 3 CB. 5 CF. Foreign Tax Credit : 1 CB. 10CF. NOL: 2 CB. 20CF

Question 3

Summary of Age

Answer 3

Dependency test ( GI): under 19. Under 24 full time student 5 month. Child Care credit : under 13 or special need. Child Tax credit : under 17 $1k. Adoption credit: under18

Question 4

ALD : mipssol

Answer 4

M: moving expense. I: IRA. P: penalty on early withdrawal on cd. A: alimony ( X property settlement). S: self employee health insurance premium. O: other half of SE tax L: student loan interest