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assets held for more than 1 year. Petitioner reported on the
Schedule D a long-term capital loss carryover from 1999 of
$18,742.
Schedule E Items
On the Schedule E, petitioner reported income and expenses
from three rental properties and three other investments as
follows:
10 Park Ave., Apt. 8-B, New York, NY
Rents received $8,400
Less expenses:
Auto and travel 148
Cleaning and maintenance 5,547
Insurance 182
Depreciation expense or depletion 2,363
Income (Loss) 160
Delray Racquet Club Condo #4303
Rents received 7,350
Royalties received 25
Subtotal 7,375
Less expenses:
Auto and travel 692
Cleaning and maintenance 2,831
Commissions 735
Insurance 248
Management fees 221
Repairs 246
Supplies 164
Taxes 2,591
Utilities 624
Depreciation expense or depletion 2,125
Income (Loss) (3,102)
Delray Racquet Club Condo #9404
Rents received 9,150
Royalties received 25
Subtotal 9,175
Less expenses:
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Last modified: May 25, 2011