- 5 -
Income Property A Property B Total
Rents received $10,800 $8,800 $19,600
Deductions
Commissions –0- 288 288
Insurance 249 222 471
Mortgage interest 7,597 7,281 14,878
Taxes 1,457 1,140 2,597
Utilities –0- 9 9
Association dues –0- 188 188
Painting and –0- 652 652
decorating
Plumbing and –0- 1,050 1,050
electrical
Depreciation 3,915 2,841 6,756
Total deductions 26,889
Losses (7,289)
Passive Income and Loss
Nonpassive loss from Sch. K-1, (5,249)
Shareholder’s Share of Income, Credits,
Deductions, etc.
Nonpassive income from Sch. K-1 1,962
Total income or loss (10,576)
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Last modified: May 25, 2011