Question: What would be entered on line 18 on schedule E? (depreciation expense) . Noah and Joan own a condo and use it as a rental

What would be entered on line 18 on schedule E? (depreciation expense)

. Noah and Joan own a condo and use it as a rental property. The condo is located at 16 Oakwood Ave, Unit A, Dayton, OH 45409. Noah provides the management services for the rental including selection of tenants, maintenance, repairs, rent collection, and other services as needed. On average, Noah spends about 2 hours per week on the rental activity. It was rented for 365 days. The revenue and expenses for the year are as follows:

Rental income

$14,000

Insurance

600

Interest expense

5,700

Property taxes

1,000

Miscellaneous expenses

700

The home was acquired for $82,500 in 2004. No improvements have been made to the property.

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