What is the total amount of the expenses


Donald owns a two-family home. He rents out the first floor and resides on the second floor. The following expenses attributable to the total building were incurred by Donald for the year ended December 31, 2009:

Real estate taxes 1,800
Mortgage interest 1,200
Utilities 1,000
Repairs (first floor) 300
Painting (second floor) 400

In addition, the depreciation attributable to the entire building would be $2,000. What is the total amount of the expenses that Donald can deduct on Schedule E of Form 1040 (before any limitations)?

a) $3,300

b) $3,350

c) $4,000

d) $5,300

e) None of the above

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Accounting Basics: What is the total amount of the expenses
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