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Hank was transferred from Arizona to North Dakota on March 1 of the current year. He immediately put his home in Phoenix up for
Hank was transferred from Arizona to North Dakota on March 1 of the current year. He immediately put his home in Phoenix up for rent. The home was rented May 1 to November 30 and was vacant during the month of December. It was rented again on January 1 (of the subsequent year) for six months. Hank itemizes his deductions. Indicate what expenses related to the home, if any, can Hank deduct on his return by classifying the following expenses as deducted "For AGI", "From AGI", or "Not deductible". a. Property taxes from January 1 to March 1 b. Property taxes from March 1 to December 31 c. Mortgage interest from January 1 to March 1 d. Mortgage interest from March 1 to December 31 From AGI For AGI C. Depreciation from January 1 to March 1 f. Depreciation from March 1 to December 31 9. Utilities and repairs/maintenance expenses from March 1 to December 31 From AGI Not deductible
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