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2. Rod and LuAnne own a second home. Given the following, what is their tax consequence/utility? o The home was rented to friends for 12
2. Rod and LuAnne own a second home. Given the following, what is their tax consequence/utility? o The home was rented to friends for 12 days during the year for $5,000. o The annual utility bill for the home was $1,350. o Property taxes for the year total $1,200. o Interest paid on the home mortgage for the year totals $2,800
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