Question
Dillon rented out his home for 9 days during the year for $5,000. He resided in the home for the remainder of the year.
Dillon rented out his home for 9 days during the year for $5,000. He resided in the home for the remainder of the year. Expenses associated with use of the home for the entire year were as follows: Real property taxes Mortgage interest Repairs Insurance Utilities Depreciation $ 2,450 10,625 1,025 1,150 3,600 10,000 Dillon's AGI is $125,554 before considering the effect of the rental activity. His AGI after considering the tax effect of the rental use of his home is $
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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