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Donald Owns a Two-Family Home

Question 17

Multiple Choice

Donald owns a two-family home.He rents out the first floor and resides on the second floor.The following expenses attributable to the total building were incurred by Donald for the year ended December 31,2017: In addition,the depreciation attributable to the entire building would be $2,000.What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations) ?
Donald owns a two-family home.He rents out the first floor and resides on the second floor.The following expenses attributable to the total building were incurred by Donald for the year ended December 31,2017: In addition,the depreciation attributable to the entire building would be $2,000.What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations) ?   A) $3,300 B) $3,850 C) $4,000 D) $4,700 E) None of the above


A) $3,300
B) $3,850
C) $4,000
D) $4,700
E) None of the above

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