Question: Elena owns a duplex with two equally sized units. She resides in one, and rents the other. She files as single and itemizes. In 2

Elena owns a duplex with two equally sized units. She resides in one, and rents the other. She files as single and itemizes. In 2024 she paid $5000 in real estate taxes for the entie duplex, $6500 in state and local income taxes, and $1000 in personal property taxes. To achieve the most favorable tax outcome, how should Elena's real estate taxes be reported on her return?
1. Half the amount paid, $2500, should be deducted on Schedule C, and the rest on Schedule A.
2. Half the amount paid, $2500, should be deducted on Schedule E, and the rest on Schedule A.
3. The enire amount paid, $5000 should be deducted on Schdule A
4. The entire amount paid, $5000 should be deducted on Schedule E.

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