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Question - During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii:
Expense Item Amount
Insurance $500
Repairs and maintenance 700
Interest on mortgage 3,000
Property taxes 1,000
Utilities 800
Depreciation 8,000
During 2018, Kim used the condominium 20 days for vacation. She rented it out for a total of 60 days, generating a total gross income of $9,100.
Requirement - What are the total amounts of deductions for and from AGI that Kim may take during 2018 with respect to the condominium using the IRS allocation method?
Choose three Australian listed companies (one each from three different sectors) that have been in business for at least the last ten years. Access Morningstar Datanalysis Premium.
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