15. Dalisha owns a home, but decided to live with her mother and rent her house for some extra money. She began renting the house on January 3rd and rented it out the entire year for $350 per month. During the year, she had to pay $450 for repairs on th

1.       Dalisha owns a home, but decided to live with her mother and rent her house for some extra money.  She began renting the house on January 3rd and rented it out the entire year for $350 per month.  During the year, she had to pay $450 for repairs on the house and $920 for property taxes on the house.  She inherited the house from her grandfather and owed nothing on it.  How much net income will Dalisha have to report on her income tax return from the rental of the house?       Please show your work.  If you need extra help, please look at the instructions for Schedule E, Form 1040.

 

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The post 15. Dalisha owns a home, but decided to live with her mother and rent her house for some extra money. She began renting the house on January 3rd and rented it out the entire year for $350 per month. During the year, she had to pay $450 for repairs on th appeared first on Nursing Writers Hub.

The post 15. Dalisha owns a home, but decided to live with her mother and rent her house for some extra money. She began renting the house on January 3rd and rented it out the entire year for $350 per month. During the year, she had to pay $450 for repairs on th appeared first on nursing writers.

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