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Alexa owns a condominium near Cocoa Beach in Florida. In 2 0 2 3 , she incurs the following expenses in connection with her condo:
Alexa owns a condominium near Cocoa Beach in Florida. In she incurs the following expenses in connection with
her condo:
During the year, Alexa rented out the condo for days. Alexa's AGI from all sources other than the rental property is
$ Unless otherwise specified, Alexa has no sources of passive income.
Assume that in addition to renting the condo for days, Alexa uses the condo for days of personal use. Also assume
that Alexa receives $ of gross rental receipts, her itemized deductions exceed the standard deduction before
considering expenses associated with the condo, and her itemized deduction for nonhome business taxes is less than
$ by more than the real property taxes allocated to rental use of the home. Answer the following questions:
b What is the total amount of from AGI deductions relating to the condo that Alexa may deduct in the current year? Assume she uses
the IRS method of allocating expenses between rental and personal days.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.
From AGI deductions
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