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1) During the current year Robert owned a house. He paid the following amounts: $13,000 Property Taxes Mortgage Interest $8,000 Repairs $1,300 Utilities $2,700 Replacement
1) During the current year Robert owned a house. He paid the following amounts: $13,000 Property Taxes Mortgage Interest $8,000 Repairs $1,300 Utilities $2,700 Replacement of the roof $4,000 Select one or more: a. If the property is a personal residence $18,000 is deductible on Schedule A ob. If the property is rental property, $22,000 is deductible on Schedule E, Property taxes are limited to $10,000. c. If the property is rental property $29,000 is deductible on Schedule E. d. If the property is rental property, $25,000 is deductible FOR AGI e. If the property is a personal residence $21,000 is deductible on Schedule A f. If the property is rental property $25,000 is deductible on Schedule E
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