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Hassan is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenant. The
Hassan is the owner of a house with two identical apartments. He resides in one apartment and rents the other apartment to a tenant. The tenant made timely monthly rental payments of $ per month for the months of January through December The following expenses were incurred on the entire building:
Utilities $
Maintenance and repairs
Insurance
In addition, depreciation allocable to the rented apartment is $ What amount should Hassan report as net rental income for
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