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NEW QUESTION: 1
Among which of the following related parties are losses from sales and exchanges not recognized for tax purposes?
A. Grandfather and granddaughter.
B. Father-in-law and son-in-law.
C. Brother-in-law and sister-in-law.
D. Ancestors, lineal descendants, and all in-laws.
Answer: A
Explanation:
Explanation
Choice "c" is correct. Losses from sales and exchanges are not recognized for tax purposes between grandfather and granddaughter.
Rule: Losses are disallowed on sales between related parties. "Related" includes brothers and sisters, husband-wife, lineal descendants (father, son, grandfather), and entities that are more than 50% owned by individuals, corporations, trusts and/or partnerships.
Choices "a", "b", and "d" are incorrect, because losses from sales and exchanges are recognized for all "in-laws."

NEW QUESTION: 2
A useful Add-on is missing from the IBM Support Assistant Tool. What does the Level 1 support professional needs to do?
A. Reinstall latest version of workbench.
B. Use IBM Support Assistant Lite with Add-on.
C. Update workbench with Add-on.
D. Reinstall Add-on.
Answer: B

NEW QUESTION: 3
A user is launching an instance with EC2. Which options below should the user consider before launching an instance?
A. Select the region where the instance is being launched.
B. All choices are correct.
C. Select the OS of the AMI.
D. Select the instance type.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Regarding Amazon EC2, when launching an instance, the user needs to select the region the in-stance would be launched from. While launching, the user needs to plan for the instance type and the OS of the instance.
Reference:
http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/ec2-launch-instance_linux.html