Question: e. None of a-d is correct Objective Short Answer 26. A and B, two individuals, purchased a house H as joint (50%) owners, for $500.000.
e. None of a-d is correct Objective Short Answer 26. A and B, two individuals, purchased a house "H" as joint (50%) owners, for $500.000. A and B agreed they would rent the house and share income and losses 50/50. In 2022, they rented the house for 100 days and received rents of $20,000. In addition, in 2022, B used the house for personal use for 20 days. A did not use the house in 2022. In 2022: (i) the real estate taxes on H were $6,000, the mortgage interest paid on H was $12,000, and (iii) maintenance costs were $9,000. Assuming A is a single 35 year old, who earns a $110,000 salary, and had no other transactions. a. What is A's adjusted gross income ("AGI") in 2022? b. What is A's taxable income in 2022? tequr ng Booge
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