Sunday
May 24, 2015

Homework Help: income tax

Posted by shelli on Thursday, October 25, 2012 at 4:48pm.

Jeanette owns a rental property that she used for 20 days and rented for 80 days. The rental income was $10,000 and expenses included the following; mortgage interest $2,500; property tax $1,500; insurance and repairs $1,000 and depreciation $2,000. Calculate net rental income using both the IRS Method and the Tax Court Method.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Members