Alice rented her personal residence for 10 days to summer vacationers for $4,400. She has AGI of $106,000 before the rental income. Related expenses for the year include the following: Real property taxes Utilities. Insurance Mortgage interest Repairs Depreciation Required: a. What is the net rental income includible Net rental income $ 4,240 5,750 850 7,500 820 17,000 Answer is complete but not entirely correct. $ Yes in AGI? 4,284 b. Is mortgage interest and property taxes deductible on Schedule A? Answer is complete and correct.

Alice rented her personal residence for 10 days to summer vacationers for $4,400 She has AGl of $106,000 before the rental income Related expenses for the year include the following Required: a. What is the net rental income includible in AGI? Answer is complete but not entirely correct. b. Is mortgage interest and property taves deductible on Schedule A