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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. Ancestors, lineal descendants, and all in-laws.
B. Grandfather and granddaughter.
C. Father-in-law and son-in-law.
D. Brother-in-law and sister-in-law.
Answer: B
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."
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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
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