$3\mathrm{.}57$ In the current year, Sandra rented her vacation home for $75$ days, used it for personal use for $22$ days,

and left it vacant for the remainder of the year. Her income and expenses before allocation are as

follows: Nicole and Mohammad $($married taxpayers filing jointly$)$ are equal owners in an S corporation. The

company reported sales revenue of $$410,000$ and expenses of $$287,000.$ The corporation also earned

$$21,000$ in taxable interest and dividend income and had $$13,650$ investment interest expense.

Required:

How are these amounts reported for tax purposes in the following schedules?

points

eBookPrintReferencesCheck my workCheck My Work button is now enabledItem $6$

In the current year, Sandra rented her vacation home for $75$ days, used it for personal use for $22$ days, and left it vacant for the remainder of the year. Her income and expenses before allocation are as follows:

Rental income $14,100$

Real estate taxes $2,100$

Utilities $2,025$

Mortgage interest $4,100$

Depreciation $6,900$

Repairs and maintenance $1,080$

Required:

What is Sandra$$s net income or loss from the rental of her vacation home? Use the Tax Court method.

Note: Round your intermediate computations to $5$ decimal places and final answers to nearest whole dollar value.