Alexa owns a condominium near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo: During the year. Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income Assuming Alexa recelves $24,000 in gross rental receipts, answer the following questions Note: Leave no answer blank. Enter zero if applicable. Required: a. What effect does the rental activity have on her AGl for the year? b. Assuming that Alexa's AGi from other sources is $90,000, what effect does the rental activity have on Alexa's AGi? Alexa makes all decisions with respect to the property c. Assuming that Alexa's AGl from other sources is $120.000, what effect does the rental activity have on Alexa's AGi? Alexa makes all decisions with respect to the property d. Assume that Alexa's AGt from other sources is $200,000 This consists of $135,000 satary, $14,000 of dividends, $31,000 or long term capital gain, and net rental income from another rental property in the amount of $20,000. What effect does the Cocoa Beach condo rental activity have on Alexa's AGI? What effect does the rental activity have on her AGI for the year? Complete this question by entering your answers in the tabs below. Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property Assuming that Alexa's AGI from other sources is $120,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property. Assume that Alexa's AGI from other sources is $200,000. This consists of $135,000 salary, $14,000 of dividends, $31,000 of long-term capital gain, and net rental income from another rental property in the amount of $20,000. What effect does the Cocoa Beach condo rental activity have on Alexa's AGI?GI? Alexa makes all decisions with respect to the property. Alexa owns a condominium near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo: During the year. Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGi from all sources other than the rental property is $200,000 Unless otherwise specified, Alexa has no sources of passive income. Assuming Alexa recelves $24,000 in gross rental receipts, answer the following questions Note: Leave no answer blank. Enter zero if applicable. Required: a. What effect does the rental activity have on her AGI for the year? b. Assuming that Alexa's AGI from other sources is $90.000, what effect does the rental activity have on Alexa's AGl? A)exa makes all decisions with respect to the property c. Assuming that Alexa's AGI from other sources is $120,000, whot effect does the rental activily have on Alexa's AGI? Alexa makes all decisions with respect to the property d. Assume that Alexa's AGi from other sources is $200,000. This consists of $135,000 salary, $14,000 of dividends, $31,000 of long. term copital gain, and net rental income from another tental property in the amount of $20.000. What effect does the Cocoo Beach conde rental activity hove on Alexas AGI
