Which would nancy prefer, Nancy purchased an antique cash

Which would nancy prefer

Reference no: EM132700282

Problem 1: Nancy purchased an antique cash register for $3000 in 2018. She sold it for $5,000 in 2020. She is in the 32% bracket. Which would Nancy prefer? Can be more than one choice.

Select one or more:

a. Nancy bought the cash register to decorate her home.

b. Nancy bought the cash register as an investment which the IRS accepts.

c. Nancy uses the cash register in her restaurant.

d. Nancy owns an antique store and sold the machine in her store.

Reference no: EM132700282

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