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Help please 10. Lloyd moved to a new main home and changed his former main home to rental use during the year. On his return,

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10. Lloyd moved to a new main home and changed his former main home to rental use during the year. On his return, where will he deduct his mortgage interest and real estate taxes for his former main home? a) Schedule E b) Schedule A c) Schedules A and E d) Schedule A or E The adjusted basis of Brook's rental property is $135,000, which includes the land value of $29,000. Brock placed his house into service in October of the previous tax year. What is the amount of Brook's depreciation for the current tax year? a) $3,854 b) $4,909 c) $1,023 d) $ 803 William is single and owns a residential rental house. He actively participates in the rental property management. During the tax year, he had a $9,500 rental loss. His only income during the tax year was $54,500 wages on his W-Z. If he had no other income or losses for the tax year, what is the amount of total income that William should report on his return? a) $45,000 b) $49,750 c) $51,500 d) $54,500

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