Corneasha owns a business that is relatively successful, and as a result she has invested her money into a TD Ameritrade account. Write a discussion of what types of expenses Corneasha may deduct. Cite the appropriate code sections where applicable and be as thorough as possible. Here are the facts Corneasha has provided you: She owns and operates a real estate rental business. She purchases single family residences which she rehabs and then leases to tenants. She currently owns 5 properties each purchased for $125,000 and four of the properties are leased out. They earn $1,100 per month each. Each unit has the following expenses: Mortgage payment $525 – Interest is approximately $230 and principal is approximately $295 each month for a total payment of $525. Insurance is $75 per month Property taxes are $200 per month Repairs are approximately $150 per month After all income and expenses have been listed, Coreasha brings in approximately $200 per unit.Corneasha has approximately $53,235 in her TD Ameritrade account. She has $32,459 in Apple Stock and $20,446 in Exxon stock, and $330 in cash. She pays her broker $200 per year to manage the accounts and she pays that out of her own personal funds.