7). During the year, Martin rented his vacation home for three months and spent one month there. Gross rental income from the property was $5,000. Martin incurred the following expenses: Mortgage interest, $3,000 Real estate taxes, $1,500 Utilities, $800 Maintenance, $500 Depreciation, $4,000 Compute Martin's total allowable deductions for the vacation home (please indicate type of deduction and limitations to the deductions if applicable)