Nathan owns a triplex in Santa Maria, California. He lives in one and rents the other two remaining units. All three units are identical. He incurred the following expenses for the entire building: Mortgage interest$20,000Maintenance 6,200Property taxes 9,000Utilities 5,000Depreciation 4,000How much in rental expenses can Nathan deduct against the rental income on a Schedule E in the current year (without considering any passive loss limitations)? (Round your answers to the nearest whole dollar)
A. $29,467
B. $14,733
C. $44,200
D. $20,000
Answer: A
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