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Fofino [41]
3 years ago
6

The Griffins own a mountain cabin that is used for both personal and rental purposes. In the current year, the Griffins rented t

he cabin out for 150 days and used it personally for 50 days. Assume that the Griffins itemize their deductions. Which of the following statements regarding the treatment of the mountain cabin on the Griffins' tax return is true?
A. 100% of the utilities for the mountain cabin for the entire year are deductible.
B. Depreciation is deductible under all rental circumstances.
C. Real estate taxes are deductible under all rental circumstances.
D. The rental income received is not included in gross income.
Business
1 answer:
nignag [31]3 years ago
7 0

Answer:

a. lebron james 123456789101121314151617181920

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