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Alice rented her personal residence for 13 days to summer vacationers for $4,800. She has AGI of $110,500, before the rental income. Related expenses for
Alice rented her personal residence for 13 days to summer vacationers for $4,800. She has AGI of $110,500, before the rental income. Related expenses for the year include the following:
Real property taxes $4,420
Utilities5,900
Insurance950
Mortgage interest7,800
Repairs910
Depreciation18,500
What is the net rental income includible in AGI ?
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