3. Net Rental Income. (Obj. 1) Quentin owns a two-family home. He rents out the first Box and resides on the second floor. Each floor is of equal size. Quentin received $6.400 in tend income during the year, and incurred the following expenses attributable to the building, Essentials of Federal Income Taxation Expenses For First Floor Second Floor Depreciation Real estate taxes Mortgage interest Utilities Repairs Painting Entire Building $4,000 2,000 1,600 1,200 $500 $400 What amount of expenses can Quentin deduct on Schedule E? b. What amount of the expenses can Quentin deduct on Schedule A