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How could the tax consequences be improved

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Problem - During the current year, Robert pays the following amounts associated with his own residence:

Property taxes $3,000

Mortgage interest 8,000

Repairs 1,200

Utilities 2,700

Replacement of roof 4,000

In addition, Robert paid $1,500 of property taxes on the home that is owned and used by Anne, his daughter.

Required -

a. Which of these expenses can Robert deduct?

b. Can Anne deduct the $1,500 of property taxes?

c. Are the deductions for AGI or from AGI (itemized)?

d. How could the tax consequences be improved? Summarize your recommendation in an e-mail, and send it to your instructor.

Reference no: EM132666891

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