Question: Schedule A & E Assignment Julius Pepperwood is single and age 4 3 , social security number 1 2 3 - 4 5 - 6

Schedule A & E Assignment Julius Pepperwood is single and age 43, social security number 123-45-6789. He has the following income/expense items during 2024. He rented his home for 60 days, used it personally for 40 days, and the home was vacant for 266 days. Rental of Vacation Home $27,500 Expenses: Interest on main home mortgage $19,550 Interest on vacation home mortgage $15,000 Property tax on main home $6,350 Property tax on vacation home $8,500 State income tax $8,750 State sales tax $4,200 Charitable Contributions $8,500 Utilities and Maintenance on vacation home $5,500 Depreciation on rental portion of vacation home $12,500 The single-family rental address is 1040 Taxform Road, Milwaukee, WI 53202 If there are any options for calculations, Julius would like you to choose the option that puts him in the best overall tax position. Assignment: Please download the 2024 Schedule E and Schedule A from the IRS website (or pull from D2L) and complete the required forms for Julius. Julius received all necessary receipts for his charitable contributions, 1098s for his mortgage interest and property tax, and has receipts to support all other deductions.

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