I need help with my income tax preparation test review this is for schedule E, Mark and Jane own a two bedroom cabin used for rental property in Munds Park, AZ. They bought the cabin on January 05, 2009 for $120,000. The following is the information related to the cabin: Rental income $6000, repairs 350 HOA dues 600, Insurance 500, and Mrtgage interest $2400 and Taxes $1200. I'm not sure if and where i enter the cost of the cabin and when they bought it.
Income tax preparation help?
- Thread starter neya
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