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. Bob owns a two family home. He rents out the first floor and resides on the second floor. Each floor is of equal size.
. Bob owns a two family home. He rents out the first floor and resides on the second floor. Each floor is of equal size. Bob received $6,400 in rental income during the year, and incurred the following expenses attributable to the building: Entire building 1st floor 2nd floor Depreciation $4,000 Real estate taxes 2,000 Mortgage interest 1,600 Utilities 1,200 Repairs $500 Painting $400 What amount of expenses can Bob deduct on Schedule E?
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