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Alexa owns a condominium neat Cocoa Beach in Florida. in 2022, she incurs the following expenses in connection with her condo: During the year. Alexa

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Alexa owns a condominium neat 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 $20,000 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 yea? b. Assuming that Alexa's AGl 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 AGl? Alexa makes all decisions with respect to the property. d. Assume that Alexa's AGt from other sources is $200,000. This consists of $150,000 salary, $10,000 of dividends, $25,000 of long term capital gain, and net rental income from another rental property in the amount of $15,000. What effect does the Cocoa Beach condo rental activity have on Alexas AG

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