If Mona elects to opt out of special depreciation for the new fence, what is the total depreciation deduction? $4,487 $5,178 $5,308 $5,387

. 1095-B 17 DC) Mona does not meet the statutory requirements to be considered a real estate professional, and she materially participated in the rental activity. She received $1,020 per month in rent for all 12 months during the current tax year. In June of 2017, the backyard fence fell into disrepair, and Mona replaced it for an advertised special of $8,399 on June 27, 2017. She replaced the kitchen stove for $492 on September 19, 2017. Both of the original assets had been fully depreciated. Regarding the new assets, electing to use the special depreciation allowance may benefit her this year, but she wants to consider the long-term benefit of how this would impact the profit or loss from the rental property in subsequent years Mona also incurred the following expenses associated with the rental property: Yard maintenance: Insurance: Tax preparation fees: Mortgage interest: Repairs: Real estate taxes: Exterminator Rental license: $480 $2,520 $500 See 1098 $650 See 1098 $88 $55 Mona's information documents follow. e file DENTAL PLOS 1876 COKERCE STREET YOUR CITY. Ysxx ,500-00 ,720.00 W-2age and Tax L Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return Ths informaton in being futmished to tre Intemal Revenue Service t checked and twlephone Mortgage Interest YOUR STATE BANX 1296 MAIN STREET YOUR CITY, YS xxxxx Form 1008 Copy B For Payeri 3.572.00 52,476.30 9/1/97 61-1261515 xxx-xx-6102 Poins MONA J BARBER 656 EAST CLAFLIN Addross of property 1947 PINNACLE STREET YOUR CITY, YS xXXXX RE TAX: $1,938 1098 . 1095-B 17 DC) Mona does not meet the statutory requirements to be considered a real estate professional, and she materially participated in the rental activity. She received $1,020 per month in rent for all 12 months during the current tax year. In June of 2017, the backyard fence fell into disrepair, and Mona replaced it for an advertised special of $8,399 on June 27, 2017. She replaced the kitchen stove for $492 on September 19, 2017. Both of the original assets had been fully depreciated. Regarding the new assets, electing to use the special depreciation allowance may benefit her this year, but she wants to consider the long-term benefit of how this would impact the profit or loss from the rental property in subsequent years Mona also incurred the following expenses associated with the rental property: Yard maintenance: Insurance: Tax preparation fees: Mortgage interest: Repairs: Real estate taxes: Exterminator Rental license: $480 $2,520 $500 See 1098 $650 See 1098 $88 $55 Mona's information documents follow. e file DENTAL PLOS 1876 COKERCE STREET YOUR CITY. Ysxx ,500-00 ,720.00 W-2age and Tax L Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return Ths informaton in being futmished to tre Intemal Revenue Service t checked and twlephone Mortgage Interest YOUR STATE BANX 1296 MAIN STREET YOUR CITY, YS xxxxx Form 1008 Copy B For Payeri 3.572.00 52,476.30 9/1/97 61-1261515 xxx-xx-6102 Poins MONA J BARBER 656 EAST CLAFLIN Addross of property 1947 PINNACLE STREET YOUR CITY, YS xXXXX RE TAX: $1,938 1098