Which of the following is true about the rental of real estate? a. Depreciation and maintenance expenses

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Which of the following is true about the rental of real estate?

a. Depreciation and maintenance expenses for an apartment complex are deductible.
b. A vacation home is a home that is rented for 15 days or more and is used by the taxpayer for personal use for more than the greater of 14 days or 10 percent of the days it is rented for fair value during the year.
c. If a home is rented for less than 15 days a year, the rent is not taxable.
d. Repairs on rental property are deductible by the taxpayer.
e. All of the above.

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Income Tax Fundamentals 2017

ISBN: 9781305872738

35th Edition

Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller

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