Careen owns a condominium near Newport Beach in California that she rents out part of the year. This year, she incurs the following expenses in connection with her rental condo:

Mortgage Interest	$9,490
Property Taxes	5,475
Insurance	3,150
Repairs and maintenance	1,400
Utilities	3,325
Depreciation	12,425

During the year, Careen rented the condo for 126 days, receiving $18,000 of gross income. She personally used the condo for 49 days. Assuming Careen uses the court method of allocating expenses to rental use of the property.

In addition to expenses listed above, she paid the following amounts:

home mortgage interest on her personal residence	$6,700
property taxes on her personal residence	3,400
state income taxes	6,100
charitable contributions	1,600

Determine how much depreciation she is allowed to deduct. Then determine her net rental income (loss), her total amount of for AGI deductions, and her total amount of itemized deductions (from AGI). Include and fill in the following table within your Excel worksheet:

Depreciation Deducted
Net Rental Income (Loss)
Total for AGI Deductions
Total Itemized (from AGI) Deductions