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3-69. Donald owns a two-family home. He rents out the first floor and resides on the second floor. The following expenses attributable to the total
3-69. Donald owns a two-family home. He rents out the first floor and resides on the second floor. The following expenses attributable to the total building were incurred by Donald for the year ended December 31, 2018: Real estate taxes $1,800 Mortgage interest 1,600 Utilities 1,200 Repairs (first floor) Painting (second floor) In addition, the depreciation attributable to the entire building would be $2,000. What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations)? 1,400 400 a. $3,300 b. $3,850 c. $4,000 d. $4,700 e. None of the above
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