Kelvin owns and lives in a duplex. He rents the other unit for $$840$ per month. He incurs the following expenses during the current

year for the entire property:

Required:

How are the above income and expenses reported on Kelvin's tax return?

Note: Ent$$r Schedule E expense as a negative number.Kelvin owns and lives in a duplex. He rents the other unit for $$840$ per month. He incurs the following expenses during the current year for the entire property:

Mortgage interest $ $7,950$

Property taxes $2,360$

Utilities $2,080$

Fixed light fixture in rental unit $140$

Fixed dishwasher in personal unit $340$

Painted entire exterior $1,340$

Insurance $2,800$

Depreciation $($entire structure$)7,300$

Required:

How are the above income and expenses reported on Kelvin$$s tax return?