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Check my work mode : This shows what is correct or incorrect for the work you have completed Problem 8-39 (LO 8-2) Randolph and Tammy

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Check my work mode : This shows what is correct or incorrect for the work you have completed Problem 8-39 (LO 8-2) Randolph and Tammy own a second home. They spent 45 days there and rented it for 88 days at $154 per day during the year. The total costs relating to the home include the following: Mortgage Interest $4,580 Property taxes 1,200 Insurance 1,860 Utilities 2,360 Repairs 1,520 Depreciation 6.580 Required: a. What is the tax treatment of these items relating to second home under Tax Court allocation method? b. What is the tax treatment of these items relating to second home under IRS allocation method? c. Which of the methods is preferred? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required What is the tax treatment of these items relating to second home under Tax Court allocation method? (Round your intermediate computations to 5 decimal places and final answers to nearest whole dollar value). Personal Income Mortgage interest Property taxes Insurance Utilities Repairs Depreciation Net rental income Tax Court Method Schedule E $ 13,552 4,580 % 1,240 1,860 2,360 1,520 6,580 % $ (4,588) 3.476 To Schedule A 941 To Schedule A Non-deductible Non-deductible Non-deductible 0 Non-deductible 000 Required B > * Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required What is the tax treatment of these items relating to second home under IRS allocation method? (Round your intermediate computations to 5 decimal places and final answers to nearest whole dollar value) IRS Method -Schedule E Personal Income Mortgage interest Property taxes Insurance Utilities Repairs Depreciation Net rental income To Schedule A To Schedule A Non-deductible Non-deductible Non deductible Non-deductible 0

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