Marvin spends the following amounts on a house he owns:
$\begin{array}{lr}
\text { Repair to roof }\
\text { Carpeting for the living room } & 1,200 \
\text { Painting of the exterior } & 4,000 \
\text { Replacement of front door } & 800
\end{array}$
a. How much of these expenses can Marvin deduct if the house is his principal residence?
b. How much of these expenses can Marvin deduct if he rents the house to a tenant?
c. Classify any deductible expenses as deductions for AGI or as deductions from AGI.

Question

Marvin spends the following amounts on a house he owns:
 $\begin{array}{lr}
\text { Repair to roof }\
\text { Carpeting for the living room } & 1,200 \
\text { Painting of the exterior } & 4,000 \
\text { Replacement of front door } & 800
\end{array}$ 
a. How much of these expenses can Marvin deduct if the house is his principal residence?
b. How much of these expenses can Marvin deduct if he rents the house to a tenant?
c. Classify any deductible expenses as deductions for AGI or as deductions from AGI.

Quizplus · Accepted Answer

The Answer of Marvin spends the following amounts on a house he owns:
 $\begin{array}{lr}
\text { Repair to roof }\
\text { Carpeting for the living room } & 1,200 \
\text { Painting of the exterior } & 4,000 \
\text { Replacement of front door } & 800
\end{array}$ 
a. How much of these expenses can Marvin deduct if the house is his principal residence?
b. How much of these expenses can Marvin deduct if he rents the house to a tenant?
c. Classify any deductible expenses as deductions for AGI or as deductions from AGI.

Marvin Spends the Following Amounts on a House He Owns