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$547 Sheldon owns a condominium at South Padre. This year, he incurs the following expenses in connection with his condo: Insurance Advertising expense 689 Mortgage

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$547 Sheldon owns a condominium at South Padre. This year, he incurs the following expenses in connection with his condo: Insurance Advertising expense 689 Mortgage interest 5,003 Property taxes 1,425 Repairs & maintenance Utilities 1,937 Depreciation 8,981 699 During the year, Sheldon rented out the condo for 100 days, receiving $24,500 of gross income. He personally used the condo for 25 days during her vacation. Assume there are 365 days in the year Assume Sheldon uses the IRS method of allocating expenses to rental use of the property. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) 11 expenses? What is his totalter 1

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