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what is typically considered personal property for tax purposes? a) houses and apartments b) boats and vehicles c) land and buildings

Problemas

What is typically considered personal property for tax purposes? A) Houses and apartments B) Boats and vehicles C) Land and buildings D) Public parks

Roztwór

April experto · Tutor durante 3 años
Weryfikacja ekspertów
4.5 (281 Votos)

Respuesta

B) Boats and vehiclesPersonal property for tax purposes typically refers to assets that are not real estate, such as boats, vehicles, and other movable items. Houses and apartments (A) are considered real property, while land and buildings (C) are also classified as real property. Public parks (D) are generally not considered personal property for tax purposes.