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Real estate taxes Utilities Maintenance Insurance Depreciation (rental part) 3,000 2,000 1,000 500 4,000 Using the IRS approach which allocates expenses on the basis of
Real estate taxes Utilities Maintenance Insurance Depreciation (rental part) 3,000 2,000 1,000 500 4,000 Using the IRS approach which allocates expenses on the basis of total days of use (rather than on the basis of 365 days), total expenses (rental and itemized) that Jose can deduct on his tax return associated with the beach house are (ignore any limitations): a. $0. b. $9,000 c. $12,000 d. $13,000. e. None of the above
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