{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-09T17:09:41-04:00", "answer_date": "2024-06-09 17:09:41", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2529020", "url": "\/study-help\/questions\/please-calculate-the-rental-income-for-tax-purposes-in-july-2529020", "question_creation_date_js": "2024-06-09T17:09:41-04:00", "question_creation_date": "Jun 09, 2024 05:09 PM", "meta_title": "[Solved] Please calculate the rental income for ta | SolutionInn", "meta_description": "Answer of - Please calculate the rental income for tax purposes. In July 2 0 2 2 , an individual acquires a rental property for $ | SolutionInn", "meta_keywords": "rental,income,tax,purposes,july,2,individual,acquires,property,$,1,allocated", "question_title_h1": "Please calculate the rental income for tax purposes. In July 2 0 2 2 , an individual acquires a rental property for $ 2 0", "question_title": "Please calculate the rental income for tax purposes. In July 2 0", "question_title_for_js_snippet": "Please calculate the rental income for tax purposes In July 2 0 2 2 , an individual acquires a rental property for $ 2 0 , 0 0 0 $ 1 1 0 , 0 0 0 is allocated to the land and $ 1 6 0 , 0 0 0 is allocated to the building The property is rented for $ 1 , 8 0 0 per month Condo fees are $ 5 0 per month, property taxes are $ 1 , 0 0 0 per year and interest expense for 2 0 2 2 is $ 6 , 1 0 0 Note the building was acquired after 1 9 8 7 for residential use therefore, a class 1 asset ( CCA rate 4 )", "question_description": "