Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe

تمرين 76

Ethel and Rick spent $4,500 in allocable interest and taxes and $1,100 in advertising and maintenance for their "bed and breakfast" inn. This year's rental income from the inn came to $4,900. Determine the tax effects of conducting the B B using one-third of Ethel and Rick's residence.