Question
Kristen rented out her home for 5 days during the year for $9,700. She used the home for personal purposes for the other 360 days.
Kristen rented out her home for 5 days during the year for $9,700. She used the home for personal purposes for the other 360 days. She allocated the following home expenses to the rental use of the home:
Kristen's AGI is $168,500 before considering the effect of the rental activity. What is Kristen's AGI after considering the tax effect of the rental use of her home?
Insurance Mortgage interest Property taxes Repairs and maintenance Utilities Depreciation $ 97 138 92 216 124 1,164
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New Horizons In The Field Of Management Audit As A Tool For Improving The Overall Management Of Enterprises A Guideline For Good Governance
Authors: Mohammed Sakhawat Hossain
1st Edition
3639194454, 978-3639194456
