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Alexa owns a condominlum near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo During the year. Alexa
Alexa owns a condominlum 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 Aexa's AGi from all sources other than the rentol property is $200.000. Unless otherwise specified, Alexa has no sources of passive incoine Assume Alexa recetves $30,000 in gross rental receipts Required: 0. What effect do the expenses associated with the property have on her AGI? b. What effect do the expenses assocuated with the property have on her itemized deductions? a. What effect do the expenses associated with the property have on her AGI? b. What effect do the expenses associated with the property have on her itemized deductions? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What effect do the expenses associated with the property have on her AGl
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