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Jim owns an apartment building with 1 0 identical units. He lives in one unit and rents the other nine to unrelated individuals. On April

Jim owns an apartment building with 10 identical units. He lives in one unit and rents the other nine to unrelated individuals. On April 1 of the current year, Jim paid property insurance on the apartment building for a 5-year period beginning April 1 of the current year. The total insurance premium was $2,000. Assume Jim is a cash-basis, calendar-year taxpayer. What amount is Jim's rental expense in the current year for the insurance policy? Answer is 270 how to get the answer

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