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The Super Bowl is played in Tasha's home town. Tasha moves out of her house for 10 days and stays ...

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The Super Bowl is played in Tasha's home town. Tasha moves out of her house for 10 days and stays ...

The Super Bowl is played in Tasha's home town. Tasha moves out of her house for 10 days and stays with her parents. She rents her house for a very high fee to a crew from ESPN. With respect to this rental activity, Tasha will

▸ report the rental income but be allowed a deduction for AGI for the related expenses (e.g. interest, taxes, utilities, depreciation).

▸ report the rental income but be allowed a deduction from AGI for the related expenses (e.g. interest, taxes, utilities, depreciation).

▸ report the rental income, but she will not be allowed any deductions other than the mortgage interest and property taxes.

▸ not be required to report the income, but she will not take any deductions other than her normal mortgage interest and property taxes.

Textbook

Federal Taxation 2017 Individuals

Edition: 30^th

Authors: Pope, Rupert, Anderson

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