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FSU REE4204 EXAM 3 SIRMANS QUESTIONS WITH CERTIFIED ANSWERS – UPDATED!! $12.99
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FSU REE4204 EXAM 3 SIRMANS QUESTIONS WITH CERTIFIED ANSWERS – UPDATED!!

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FSU REE4204 EXAM 3 SIRMANS QUESTIONS WITH CERTIFIED ANSWERS – UPDATED!! The following will negatively affect real estate as a tax shelter: a. extension of the depreciation period b. introduction of a lower rate on capital gains c. elimination of passive loss limitation d. all of the above ...

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  • September 5, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • FSU REE4204
  • FSU REE4204

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FSU REE4204 EXAM 3 SIRMANS
QUESTIONS WITH CERTIFIED
ANSWERS – UPDATED!!
The following will negatively affect real estate as a tax shelter:

a. extension of the depreciation period
b. introduction of a lower rate on capital gains
c. elimination of passive loss limitation
d. all of the above
e. none of the above - Answer-A

The following tax law has an effect on the value of real estate:

a. capital gains treatment
b. length of depreciation for real property
c. passive loss limitation
d. all of above
e. none of above - Answer-D

Presently the tax laws that favor investment in real estate include those related to:

a. passive loss limitation
b. depreciation write-off
c. low income housing
d. capital gains - Answer-C

Positive Leverage - Answer-cost of debt < ROA

Negative Leverage - Answer-cost of debt > ROA

Total cash flows of a property (2) - Answer-1. Operating CF (rental rev, etc...)
2. CF from Resale of the property

Tax Shelters - Answer-A tax shelter is an investment whose value is enhanced by tax
rules and regulations.

Creates value that might otherwise had not been there


Depreciation is defined as a but not a cash outlay.

a. cash expense
b. tax deductible expense
c. production cost

, d. part of your cash flow
e. none of the above - Answer-B

Residential income property is depreciated over:

a. 15 years
b . 3 0 years
c. 39 years
d. 27.5 years
e. 20 years - Answer-D

Tax law changes that would affect the value of real estate include:

a. changes in marginal rates (bracket rates)
b. changes in depreciation allowance
c. changes in capital gains rates
d. all of the above - Answer-D

Factors that affect the value of tax savings from depreciation include:

a. amount of depreciation
b. acceleration of depreciation
c. the marginal tax rate
d. all of the above - Answer-D

The Tax Act of 1993 raised the marginal tax rates on ordinary income to:

a. 28%
b. 39.6%
c. 51.8%
d. 42.5% - Answer-B

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