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Kelvin owns and lives in a duplex. He rents the other unit for $ 8 2 0 per month. He incurs the following expenses during
Kelvin owns and lives in a duplex. He rents the other unit for $ per month. He incurs the following expenses during the current year for the entire property:
points
References
tableMortgage interest,$Property taxes,UtilitiesFixed light fixture in rental unit,Fixed dishwasher in personal unit,Painted entire exterior,InsuranceDepreciation entire structure
Required:
How are the above income and expenses reported on Kelvin's tax return?
Note: Enter Schedule E expense as a negative number.
tablePersonal,Schedule ASchedule EIncomeMortgage interest,,,Property taxes,,,UtilitiesFix light rentalFix dishwasher,,,Paint exterior,,,InsuranceDepreciation
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