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Please answer the following seven questions. Chee, single, age 4 0 , had the following income and expenses during 2 0 2 3 : Income
Please answer the following seven questions. Chee, single, age had the following income and expenses during : Income Salary $ Rental of vacation home rented days, used personally days, vacant days Municipal bond interest Dividend from General Electric Expenses Interest on home mortgage Interest on vacation home Interest on loan used to buy municipal bonds Property tax on home Property tax on vacation home State income tax Charitable contributions Tax return preparation fee Utilities and maintenance on vacation home Depreciation on rental portion of vacation home What amount of interest and property tax on vacation home is allocated to rental use? Use the court's approach and round to the nearest dollars What amount of utilities and maintenance on vacation home is allocated to rental use? What amount of depreciation on vacation home is allocated to rental use? Round to the nearest dollars Find the net rental income from vacation home. Compute the AGI. Compute the amount of Chee's itemized deductions. Round to the nearest dollars Find the taxable income. Round to the nearest dollars
Please answer the following seven questions.
Chee, single, age had the following income and expenses during :
Income
Salary
$
Rental of vacation home rented days, used personally days, vacant days
Municipal bond interest
Dividend from General Electric
Expenses
Interest on home mortgage
Interest on vacation home
Interest on loan used to buy municipal bonds
Property tax on home
Property tax on vacation home
State income tax
Charitable contributions
Tax return preparation fee
Utilities and maintenance on vacation home
Depreciation on rental portion of vacation home
What amount of interest and property tax on vacation home is allocated to rental use? Use the court's approach and round to the nearest dollars
What amount of utilities and maintenance on vacation home is allocated to rental use?
What amount of depreciation on vacation home is allocated to rental use? Round to the nearest dollars
Find the net rental income from vacation home.
Compute the AGI.
Compute the amount of Chee's itemized deductions. Round to the nearest dollars
Find the taxable income. Round to the nearest dollars
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