Question: Draymond owns a two - flat apartment building, where he resides in one apartment with 6 5 0 square feet and rents out the other
Draymond owns a twoflat apartment building, where he resides in one apartment with square feet and rents out the other apartment that has square feet. Draymond had the following expenses in the current tax year:
Utilities $
Maintenance $
Property taxes $
Mortgage interest paid $
Advertising $
Depreciation expense on rental portion $
If Draymond collects $ in rental income, what is his net rental profit?
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