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Ren owns a vacation home in New Orleans, Louisiana. Assuming that his vacation home is in the personal/rental category and has a loss, in which
Ren owns a vacation home in New Orleans, Louisiana. Assuming that his vacation home is in the personal/rental category and has a loss, in which order will mortgage interest, insurance, and depreciation be deducted? A) Mortgage interest, insurance, then depreciation B) Depreciation, insurance, then depreciation C) Mortgage interest, depreciation, then insurance D) Insurance, mortgage interest, then depreciation
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