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Rental property royalties, and income from flow-through entities ( line 5, schedule 1 , and schedule E) Kelvin owns and lives in a duplex. He

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Rental property royalties, and income from flow-through entities ( line 5, schedule 1 , and schedule E)

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Kelvin owns and lives in a duplex. He rents the other unit for $750 per month. He Incurs the following expenses during the current year for the entire property. 7.5 points Mortgage interest $7, 500 Property taxes 2, eee Supped utilities 1, see Fixed light fixture in rental unit 100 Fixed dishwasher in personal unit 250 Painted entire exterior 1, 300 Insurance Depreciation (entire structure) 1, see 7,000 eBook Required: How are the above income and expenses reported on Kelvin's tax return? (Enter Schedule E expense as a negative number.) Personal Schedule A Schedule E References Income Mortgage interest Property taxes Utilities Fix light (rental) Fix dishwasher Paint exterior Insurance Depreciation S O $ 0

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