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Herbert spends the following amounts on a house he owns: A. How much of these expenses can Herbert deduct if the house is his principal
Herbert spends the following amounts on a house he owns:
A. How much of these expenses can Herbert deduct if the house is his principal (personal) residence?
B. How much of these expenses can Herbert deduct if the property is a rental property (he rents to a tenant and does not use it personally at all)?
Repair to roof | $1,100 |
Carpeting for the living room | 1,200 |
Painting of the exterior | 4,000 |
Replacement of front door | 800 |
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