What is the total amount of for agi rental deduction


Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: Insurance $ 1,000 Advertising expense 500 Mortgage interest 3,500 Property taxes 900 Repairs & maintenance 650 Utilities 950 Depreciation 8,500 During the year, Natalie rented out the condo for 75 days, receiving $10,000 of gross income. She personally used the condo for 35 days during her vacation. Assume there are 365 days in the year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Assume Natalie uses Tax Court method of allocating expenses to rental use of the property. What is the total amount of for AGI (rental deduction Natalie may deduct in the current year related to the condo?

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Financial Management: What is the total amount of for agi rental deduction
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