Question
Under the vacation home rules, rental property expenses are deducted in a specific order, What is the order? A) Rental portion of Schedule A expenses,
Under the vacation home rules, rental property expenses are deducted in a specific order, What is the order?
A) Rental portion of Schedule A expenses, depreciation, carryover of depreciation, indirect operating expenses, carryover of direct operating expenses, and direct expenses.
B) Rental portiion of schedule A expenses, direct expenses, indirect operating expenses, carryover of indirect operating expenses, depreciation, and carryover of depreciation.
C) Direct expenses, rental portion of Schedule A expenses, depreciation, indirect operating expenses, and carryover expenses.
D) Direct expenses, depreciation, rental portion of Schedule A expenses, indirect operating expenses, and carryover expenses.
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