Kelvin owns and lives in a duplex. He rents the other unit for $750 per month. He incurs the following expenses during the current year for the entire property:
Mortgage interest…………………………… $7,500
Property taxes ………………………………..2,000
Utilities………………………………………. 1,500
Fixed light fixture in rental unit………………..100
Fixed dishwasher in personal unit……………...250
Painted entire exterior ………………………. 1,300
Insurance……………………………………..1,800
Depreciation (entire structure)………………. 7,000
How are the above income and expenses reported on Kelvin’s tax return? On what tax form(s) are these amounts reported?