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A taxpayer renting out half of the duplex they live in accounts for and / or spends the following during the year for the full
A taxpayer renting out half of the duplex they live in accounts for andor spends the following during the year for the full property:
$ in depreciation deductions
$ in mortgage interest on the property
$ in real estate taxes
$ in fire and insurance premiums, equally covering the tax year and one year beyond
$ in repairs and maintenance for the whole house
$ in repairs specific to the rental unit and for tenants
For rental purposes, the house is split How much in rental expenses do they have for the year?
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