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Daniel owns a two - family home. He rents out the second floor and resides on the first floor. Daniel had the following expenses for
Daniel owns a twofamily home. He rents out the second floor and resides on the first floor. Daniel had the following expenses for the building for the year ended December : Real estate taxes $ Mortgage interest Utilities Repairs second floor Painting first floor In addition, the depreciation attributable to the entire building would be $ What is the total amount of the expenses that Daniel can deduct on Schedule E of Form before any limitations
Daniel owns a twofamily home. He rents out the second floor and resides on the first floor. Daniel had the following expenses for the building for the year ended December :
Real estate taxes
$
Mortgage interest
Utilities
Repairs second floor
Painting first floor
In addition, the depreciation attributable to the entire building would be $ What is the total amount of the expenses that Daniel can deduct on Schedule E of Form before any limitations
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