Choti U.

asked • 11/11/15

Please show how you solved

In 2013 and 2014 Andy, who is single owned a vacation home that generated both income and related expenses as listed below. Andy’s only other income is W2 wages of $276,000

YEAR  INCOME   Ad Valorem Taxes      Management fees
2013  $35,000    $9,500                      $29,000
2014  $32,000     $9,500                    $29,000


Andy has no other expenses that would be allowed as deductions either for or from AGI. How much of the MANGAGEMENT FESS (after all limitations) can Andy deduct in 2013? Andy
In 2013 FOR AGI______ FROM AGI__________ CARRYOVER________

1 Expert Answer

By:

Sam L H. answered • 11/18/15

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