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Author Question: The Super Bowl is played in Tasha's home town. Tasha moves out of her house for 10 days and stays ... (Read 70 times)

Lobcity

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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 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.


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Marked as best answer by Lobcity on Sep 13, 2020

aadams68

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Lobcity

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Reply 2 on: Sep 13, 2020
Excellent


cdmart10

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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