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Business, 07.11.2019 02:31 miwptv105own5u8

During the year (not a leap year), anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. she had the following income and expenses: rent income $ 7,000 expenses real estate taxes 2,500 interest on mortgage 9,000 utilities 2,400 repairs 1,000 roof replacement (a capital expenditure) 12,000 depreciation 7,500 compute anna’s net rent income or loss and the amounts she can itemize on her tax return, using the court’s approach to allocating property taxes and interest. how would your answer in part (a) differ using the irs’s method of allocating property taxes and interest?

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During the year (not a leap year), anna rented her vacation home for 30 days, used it personally for...
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