Under the vacation home rules, rental property expenses are deducted in a specific order. Which expenses are deducted FIRST?

A)Depreciation and other basis adjustments.

B)Direct expenses related to renting and operating the property, such as advertising, platform fees, and legal fees.

C)Expenses related to operating and maintaining the property, such as utilities.

D)The rental portion of qualified home mortgage interest, real estate taxes, and casualty losses.