separate maintenance. For 2009, how much will she be able to deduct
as alimony?
es on a
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ACC 401 Week 3 Assignment Chapter 6 (UOP)
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39. David is a college professor who does some consulting work on the
side. He uses 25% of his home exclusively for the consulting practice.
He is single and 63 years old. His AGI (without consideration of
consulting income) is $45,000. Other information follows:
Income from consulting business $4,000
Consulting expenses other than home office 1,500
Total costs relating to home:
Interest and taxes 6,500
Utilities 1,500
Maintenance and repairs 450
Depreciation (business part only) 1,500
43. Janet purchased her personal residence in 2000 for $250,000. In
January 2009 she converted it to rental property. The fair market
value at the time of conversion was $210,000.