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Angela owns a condominium in the Shenandoah Mountains. During the year, Angela uses the condo a total of 21 days. The condo is also rented

Angela owns a condominium in the Shenandoah Mountains. During the year, Angela uses the condo a total of 21 days. The condo is also rented to tourists for a total of 79 days and generates rental income of $12,500. Angela incurs the following expenses:

Expense

Amount

Mortgage interest

$ 4,100

Property taxes

1,900

Utilities

2,200

Insurance

1,200

Depreciation

10,000

Using the IRS method of allocating expenses, what is the amount of mortgage interest and property taxes allocable to the rental portion that Angela may deduct?

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