Marvin spends the following amounts on a house he owns:

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:
  
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:
  
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