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Hello, I have a question regarding tax. I need to know where the following items are outlined inTitle 26 of the Internal Revenue Code. Please

Hello, I have a question regarding tax. I need to know where the following items are outlined inTitle 26 of the Internal Revenue Code. Please provide citations for each item below. Thank-you.

  1. Purchase rental property for $250,000. Of this amount, $30,000 is allocated to the land.
  2. After an $80,000 renovation (e.g. new flooring, roof, heating unit), the property was rented beginning February 1, 2011.
  3. In 2014, the landlord decided that this investment would be more marketable is the house was rented as furnished. In May of 2014, $38,000 was spent on new furniture (drapes, carpeting, appliances).
  4. Under the current lease agreement, the property rents for $2,400 a month (payable at the beginning of each month) with utilities not included.
  5. Additional information regarding the property:
  6. Rents received $28,800
  7. Property/casualty insurance premiums paid $3,100
  8. Property taxes paid $2,400
  9. Yard maintenance paid $1,200
  10. Repairs $800
  11. Landlord paid a special tax assessment of $2,400 to the city for repairing the street in front of the property.
  12. Landlord uses MACRS to depreciate the rental home and furnishings within it.

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