Marvin spends the following amounts on a house he owns:
Repair to roof
$1,100
Carpeting for the living room
1,200
Painting of the exterior
4,000
Replacement of front door
800

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:
Repair to roof
$1,100
Carpeting for the living room
1,200
Painting of the exterior
4,000
Replacement of front door
800
​
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:
Repair to roof
$1,100
Carpeting for the living room
1,200
Painting of the exterior
4,000
Replacement of front door
800
​
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