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48. LO.3 During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left

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48. LO.3 During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the following income and expenses: 5 7,000 Rent income Expenses Real estate taxes Interest on mortgage Utilities Repales Roof replacement la capital expenditure) Depreciation 2.500 9,000 2.400 1,000 12,000 7.500 a Compute Anna's net rent income or loss and the amounts she can itemize on her tax return, using the court's approach to allocating property taxes and interest. b. How would your answer in part (a) differ using the IRS's method of allocating property taxes and interest? 49. LO.3 How would your answer to Problem 48 differ it Anna had rented the house for 87 days and had used it personally for 13 days? Use the IRS's method of allocating property taxes and interest

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