Agnes operates a Christmas Shop in Atlantic City, NJ. She makes a weekend trip to Vero Beach, FL, for the purpose of determining the feasibility of opening another shop. Her travel expenses are $2,000 (includes $500 for meals). In addition, she pays $5,000 to a market research firm in Vero Beach to prepare a feasibility study. Determine the amount of the expenses that Agnes can deduct if: She opens a new shop in Vero Beach. She decides not to open a new shop in Vero Beach. During the year, Robert rented his vacation home for three months and spent one month there. Gross rental income from the property was $6,000. Robert incurred the following expenses: mortgage interest, $4,000: real estate taxes, $1, 200; utilities, $1,000; maintenance, $500; and depreciation, $4,000. Compute Robert's allowable deductions for the vacation home. Bill sells land with an adjusted basis of $185,000 and a fair market value of $160,000 to his mother, Shirley, for $160,000. Bill reinvests the proceeds in the stock market. Shirley holds the land for one year and a day and sells it in the marketplace for $179,000. Determine the tax consequences to Bill. Determine the tax consequences to Shirley