2.) Mr. Kubick owns a vacation home in Hilton Head. He rents the home out during June and July. This year, the rental activity resulted in the following:

Rent Revenue $15,000

Home Mortgage Interest and Real Property Tax for June and July $7,250

Maintenance Expenses for June and July $5,500

MACRS Depreciation for June and July $12,000

How will she report the rental activity on Schedule E (i.e. show his net rental income calculation). Will he have any disallowed expenses that will be carried forward? If so, how much and what expense(s)?