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Zoe rented her house to people for 10 days. Her rental income and home expenses were as follows: Rental income $11k Property taxes 4k Mortgage
Zoe rented her house to people for 10 days. Her rental income and home expenses were as follows:
Rental income $11k Property taxes 4k Mortgage Interest 6k Advertising 0.6k Commissions 2k
How much net rental income must the taxpayer report on her income tax return? Can she claim any deductions (ignoring any limits) based on the above expenses?
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