What are example of specific changes that would make the fit


Problem

Garrett Owns a lake home. During the year he rented the home for $1800 for two weeks, lived in the home for 3 months, and left the home vacant during the remainder of the year. The expenses for the lake home include $5,000 mortgage interest, $700 in property taxes,$2100 in utilities and maintenance, and $3000 in depreciation.

1. What income does he need to report, and what deductions can he claim?

2. What are examples of specific changes that would make this fit into each of the other two categories?

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Accounting Basics: What are example of specific changes that would make the fit
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