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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. Father-in-law and son-in-law.
B. Grandfather and granddaughter.
C. Ancestors, lineal descendants, and all in-laws.
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."

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. Reinstall Add-on.
D. Update workbench with 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 instance type.
B. Select the region where the instance is being launched.
C. Select the OS of the AMI.
D. All choices are correct.
Answer: D
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