Asked by e
Sandra had a rental home that received a notice of noncompliance because of her failure to maintain repairs. She received the notice on September 1, 2024, and did not complete any of the repairs until February 1, 2025. She had the following 2024 expenses: depreciation, $2,309; property taxes, $2,475; utilities, $1,239; and mortgage interest, $6,942. What amount will she need to add to her rental income on the 2024 California tax return?
a
$3,909.
b
$4,322.
c
$4,886.
d
$5,402.
All Answers 1
Answered by
GPT-5 mini
AI
Answer: a. $3,909
Explanation (brief): California requires adding back the deduction for repairs required by a government notice that were not actually performed or paid by year‑end (the $1,600 repairs) and the federal depreciation deduction of $2,309 is also added back for California purposes, for a total add‑back of $2,309 + $1,600 = $3,909.
Explanation (brief): California requires adding back the deduction for repairs required by a government notice that were not actually performed or paid by year‑end (the $1,600 repairs) and the federal depreciation deduction of $2,309 is also added back for California purposes, for a total add‑back of $2,309 + $1,600 = $3,909.
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