Bob and April own a house at the beach. The house was rented to unrelated parties for eight weeks during the year. April and the children used the house 12 days for their vacation during the year. After properly dividing the expenses between rental and personal use, it was determined that a loss was incurred as follows: $4,000 Gross rental income $3,500 Less: Mortgage interest and property taxes Other allocated expenses Net rental loss 2.000 __(5.500) ($1,500 . What is the correct treatment of the rental income and expenses on Bob and April's joint income tax return for the current year assuming the IRS approach is used if applicable? Oa. Bob and April should include none of the rental income or expenses related to the beach house in their current year income tax return. Ob. Since the house was used more than 10 days personally by Bob and April, the rental expenses (other than mortgage Interest and property taxes) are limited to the gross rental income in excess of deductions for interest and taxes allocated to the rental use: OC A $1,500 loss should be reported. Od. Only the mortgage interest and property taxes should be deducted. Which of the following is deductible in 2021? Oa. Moving expenses in excess of reimbursement. Ob. Tax return preparation fees of an individual. Oc. Cash contribution to the Salvation Army, a qualified charity. Od. Allowable hobby expenses in excess of hobby income