Question
Husbands LLC paid $3,000 of interest on the recourse mortgage encumbering the 12-unit mini-storage building. The LLC also incurred operating expenses (such as utilities, property
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Husbands LLC paid $3,000 of interest on the recourse mortgage encumbering the 12-unit mini-storage building. The LLC also incurred operating expenses (such as utilities, property maintenance, etc., all of which you can assume are deductible under Section 162 and/or Section 212) for the 12-unit mini-storage building totaling $11,000.
Are any of these expenses deductible from gross income?
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Data Communications Network Auditing How To Save Hundreds Of Thousands Of Dollars And Still Improve Network Response Time Network Performance And Network Availability
Authors: Bruce Griffis
1st Edition
0936648937, 978-0936648934
