Question: Seit-Study Problem 4.7 Janet Randolf lives in a duplex that she owns at 14 Lancaster Drive, Salem, OR 97305. Janet rents one-half of her duplex

 Seit-Study Problem 4.7 Janet Randolf lives in a duplex that she

Seit-Study Problem 4.7 Janet Randolf lives in a duplex that she owns at 14 Lancaster Drive, Salem, OR 97305. Janet rents one-half of her duplex and lives in the other half. Her rental income for the year (365 days) is $6,000. Janet's basis for depreciation in the rental portion is $15,000, and she uses straight-line depreciation with a 27.5 year use on the whole duplex, real estate taxes are $1,200, interest on the mortgage is $3,400, utilities are $1,800, and insurance is $450. Use Part 1 of Schedule E to report Janet's income from rental of part of the duplex. If an amount box does not require an entry or the answer is zero, enter "0". Enter all amounts as positive numbers. Round depreciation expense to the nearest dollar

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