Question: Matilda owns a condominium on the beach in Rehoboth, Delaware. During the current year, she incurs the following expenses related to the property: Mortgage interest

Matilda owns a condominium on the beach in Rehoboth, Delaware. During the current year, she incurs the following expenses related to the property:

Mortgage interest ...... $8,000

Property taxes ....... 1,750

Utilities ........... 1,050

Maintenance fees ....... 600

Repairs ........... 350

Depreciation (unallocated) .. 3,200

Determine the amount of Matildaâ€™s deductions in each of the followingcases:

Matilda owns a condominium on the beach in Rehoboth, Delaware.

Rental Income Rental Days 365 S0 14 275 Personal Use Days Case $12,000 S 3,800 s 600 $ 9,050 20 86 25 13

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