b. What amount of the expenses can Quenull 4. Net Rental Income. (Obj. 1) Sandee, a cash basis taxpayer, owns a house with two identical units. Sandee resides in one unit and rents out the other. The tenant made timely monthly rental payments of $500 for the months of January through November 2019. The tenant paid rents for December 2019 and January 2020 on January 5, 2020. During the year, Sander paid $3,600 for utilities and $600 for insurance. These expenses were for the entire house She paid $400 for maintenance and repairs on the rental unit. Depreciation on the entire house equals $3,000. Compute Sandee's 2019 net rental income