1. Amy rents her vacation home for 30 days (1 month) but she used the home for personal use for 20 days. She had $15,000 of rental income. The mortgage interest expense for the year was $12,000 and the real estate taxes were $6,000. The expenses allocable to the rental period were $5,000 and 1 months depreciation is $14,000. How much taxable income, if any did the rental produce? Can any of the expenses be carried forward?

2. Alyssa rents her home for 12 days during the year. Alyssa receives $12,000 in rental income and has $3,000 of expenses. Alyssa also paid $1,000 of mortgage interest and $200 of real estate taxers attributable to the 12 days. How should Alyssa treat the income and expenses for tax purposes?