Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Schedules K-1 and Rental Income Workout

Rental Income and Expenses

Skills Warm Up: Rental Expenses

Question 3 of 3

Which of the following rental expenses must be recovered by taking depreciation?

A Home insurance premiums
B Painting
C Installing a backyard fence at a cost of $3,500
D Roof repair