How much in rental expenses do they have for the year

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Question: A taxpayer renting out half of the duplex they live in accounts for and/or spends the following during the year for the full property: $4,000 in depreciation deductions $3,000 in mortgage interest on the property $1,500 in real estate taxes $3,000 in fire and insurance premiums, equally covering the tax year and one year beyond $1,500 in repairs and maintenance for the whole house $2,000 in repairs specific to the rental unit and for tenants For rental purposes, the house is split 50/50. How much in rental expenses do they have for the year?

Reference no: EM133662623

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