(Obj. 4) On January 2, 2000, Janis R. Jetson (SSN 344-46-5768) purchased a two-unit apartment building at 1626 Flat Street, Detroit, Michigan 48270-8224. The costs of the land and building were $10,000 and $41,250, respectively. Both apartments are the same size, with one on the ground floor and the other upstairs. Janis has lived in the upstairs apartment since she acquired the building. The tenant in the ground-floor apartment at the time the building was purchased has continued to rent from Janis. The tenant pays $350 a month in rent. On June 30 the tenant moved out. The apartment was vacant until August 1, even though Janis advertised and attempted to rent it. On August 1, a new tenant moved in, paying rent of $400 per month. Rent is due on the first day of the month. Janis uses MACRS to depreciate the rental portion of the building. Information on the apartment follows:

In addition to the rental property, Janis works as an administrative assistant and earned $17,600 in wages. From this amount, $660 of federal income tax was withheld. Janis also earned $147 in interest from Bank of America. Janis is single and has no dependents. Prepare Janis Jetson’s tax return. Janis is single and 68-years-old. She does not want to contribute $3 to the presidential campaign fund. She signs her return on April 10, 2015.