Unit 17
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Adjusted Basis | show 🗑
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show | An increase in the worth or value of a property
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show | The cost of a property that the Internal Revenue Service uses to determine annual depreciation and gain or loss on the sale of the asset
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show | A written instrument given to transfer title of personal property
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show | Money or property given to make up any difference in value or equity between two properties in an exchange
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show | Profits realized from the sale of assets like real estate
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show | The net spendable income from an investment after deducting expenses
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show | In appraisal, a loss of value in property due to any cause including physical deterioration, functional obsolescence, and locational obsolescence. For income tax purposes yearly write off of a % of the cost of a building as an expense
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show | A transaction in which all or part of the consideration for the purchase of real property is the transfer of like kind property (for ex; real estate for real estate)
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show | A method of reporting income received from the sale of real estate when the sale price is paid in two or more installments over two or more years
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show | The use of borrowed money to finance investments
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Marginal Tax Rate | show 🗑
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show | Trust ownership of real estate by a group of at least 100 individuals who purchase certificates of ownership in the trust
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show | The income from real estate investment, calculated as a percentage of cash invested
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show | A combination of people or firms formed to accomplish a joint venture of mutual interest
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Tax-Credit | show 🗑
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Uniform Commercial Codes (UCC) | show 🗑
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
MAK89
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