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2021 Dillon rented out his home for 9 days during the year for $6,600. He resided in the home for the remainder of the year.
2021
Dillon rented out his home for 9 days during the year for $6,600. He resided in the home for the remainder of the year. Expenses associated with use of the home for the entire year were as follows: Real property taxes Mortgage interest Repairs Insurance Utilities Depreciation $ 3,250 12,625 1,425 1,630 5,520 13,200 Dillon's AGI is $133,258 before considering the effect of the rental activity. His AGI after considering the tax effect of the rental use of his home is $| Step by Step Solution
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