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thanks 4 Alvaro owns a duplex with two equal size units. He lives in one; on January 1, 2022 he placed the other unit in
thanks 4
Alvaro owns a duplex with two equal size units. He lives in one; on January 1, 2022 he placed the other unit in service as a rental. His tenant, Gerard, moved in that month. During 2022, Gerard paid $12,000 in rent, and Alvaro paid the following expenses: - $350 plumber bill for faucet repair in the rental unit. - $3,100 insurance for the entire property. - $2,700 real estate taxes. - $6,800 mortgage interest. - \$525 legal fees to set up the rental contract. Based on this information, what are Alvaro's allowable Schedule E expenses for 2022? $6,300 $6,650 $6,825 $7,175Step by Step Solution
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