**PLEASE TAKE YOUR TIME IN ANSWERING AND PROVIDE DETAILS IF POSSIBLE THANK YOU**

1. A vacation home is rented out for 20 days during the year and used personally by the owner for 60 days during the year. What percentage of real estate taxes can be deducted on Schedule E?

		33%
		25%
		67%
		75%
		100%

2. Residential rental property is rental property where at least what percentage of the income comes from the rental of dwelling units?

		50%
		67%
		75%
		80%
		100%

3. A single taxpayer has $115,000 of AGI before considering a $30,000 loss from a rental real estate activity in which he actively participates. The taxpayer can deduct $____________ on his tax return from this activity.