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How much of the expenses is allocated

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Question - During the year, Brooke rented her vacation home for four months (120 days) and spent one month (30 days) there. Gross rental income from the property was $25,000. Brooke incurred the following expenses: mortgage interest expense of $9,000, real estate taxes of $3,000, utilities of $5,000, maintenance of $10,000, and depreciation of $16,000. Under the IRS method, how much of the $16,000 in Tier 3 expenses (depreciation) is allocated above the line?

Reference no: EM133000661

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