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Calculate the net rental income

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Question - Jeanette owns a rental property that she used for 20 days and rented for 80 days. The rental income was $5,000 and expenses included the following; mortgage interest $2,500; property tax $1,500; insurance and repairs $1,000 and depreciation $2,000. Calculate the net rental income, using the Tax Court Method.

Reference no: EM132488472

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