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Real Estate Investment & Analysis Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following considerations does the IRS use to define a real estate professional?

Question 2 2. What is a tax shelter?

Question 3 3. What is required to qualify as a limited partnership?

Question 4 4. Which of the following is not a holding cost in property flipping strategy?

Question 5 5. Which of the following is an example of property flipping?

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Question 6 6. Which of the following is the simplest business entity to create?

Question 7 7. How are limited liability company profits taxed?

Question 8 8. Which of the following is not a type of commercial property?

Question 9 9. Which of the following is not an advantage of owning multi-family housing?

Question 10 10. Which of the following business structures does not require registration with the state?

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Question 11 11. How are REIT dividends taxed?

Question 12 12. In property 'flipping,' obtaining low cost financing is generally most difficult for _____ properties.

Question 13 13. What is the purpose of a 1031 exchange?

Question 14 14. Which of the following happens if a taxpayer has passive losses but exceeds the allowable limit for that year?

Question 15 15. What impact does depreciation have on real estate taxation?

Real Estate Investment & Analysis Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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