Question: Someone please answer this. I've had it up for 2 days now. I realize that it is lengthy, but I need it answered for my

Someone please answer this. I've had it up for 2 days now. I realize that it is lengthy, but I need it answered for my final. Thanks so much!

Someone please answer this. I've had it up for 2 days now.

39. Bertram tried to sell his house to Scott but the timing was off. Bertram moved out of the house in August and agreed to let Scott move in on September 1st Scott agreed to pay Bertram $1,200 a month rent until the December 1st closing date since this was less than rent for comparable houses. Bertram's expenses for the three-month period (other than mortgage interest, property taxes, and casualty losses) were $4,000. What should be reported on Bertram's tax return? a) Bertram would not report the $3,600 of rent since it was only incidental. b) Report the $3,600 as other income" on line 21 of Form 1040 with expenses for the three- month period (other than mortgage interest, property taxes, and casualty losses) on line 23 "other expenses" of Schedule A as a miscellaneous deduction. The total reported on line 23 is $4,000. c) Report the $3,600 as "other income" on line 21 of Form 1040 with expenses for the three- month period (other than mortgage interest, property taxes, and casualty losses) on line 23 "other expenses" of Schedule A as a miscellaneous deduction. However, the expenses on line 23 of Schedule A are limited to a maximum of $3,600. If expenses are more than $3,600 the excess amount cannot be carried forward. d) Report the $3,600 as "other income" on line 21 of Form 1040 with expenses for the three- month period (other than mortgage interest, property taxes, and casualty losses) on line 23 "other expenses" of Schedule A as a miscellaneous deduction. However, the expenses on line 23 of Schedule A are limited to a maximum of $3,600. The remaining $400 can be carried forward. 39. Bertram tried to sell his house to Scott but the timing was off. Bertram moved out of the house in August and agreed to let Scott move in on September 1st Scott agreed to pay Bertram $1,200 a month rent until the December 1st closing date since this was less than rent for comparable houses. Bertram's expenses for the three-month period (other than mortgage interest, property taxes, and casualty losses) were $4,000. What should be reported on Bertram's tax return? a) Bertram would not report the $3,600 of rent since it was only incidental. b) Report the $3,600 as other income" on line 21 of Form 1040 with expenses for the three- month period (other than mortgage interest, property taxes, and casualty losses) on line 23 "other expenses" of Schedule A as a miscellaneous deduction. The total reported on line 23 is $4,000. c) Report the $3,600 as "other income" on line 21 of Form 1040 with expenses for the three- month period (other than mortgage interest, property taxes, and casualty losses) on line 23 "other expenses" of Schedule A as a miscellaneous deduction. However, the expenses on line 23 of Schedule A are limited to a maximum of $3,600. If expenses are more than $3,600 the excess amount cannot be carried forward. d) Report the $3,600 as "other income" on line 21 of Form 1040 with expenses for the three- month period (other than mortgage interest, property taxes, and casualty losses) on line 23 "other expenses" of Schedule A as a miscellaneous deduction. However, the expenses on line 23 of Schedule A are limited to a maximum of $3,600. The remaining $400 can be carried forward

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