Multiple Choice
Jenny's adjusted gross income (AGI) is $120,000 a year and she owns a real estate property that generates a rental income of $10,000 annually.If she pays a mortgage interest of $4,000 on her property per year,she can write off up to _____ in depreciation.
A) $4,000
B) $10,000
C) $6,000
D) $14,000
E) $8,000
Correct Answer:
Verified
Correct Answer:
Verified
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