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Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for 4 5 days for $ 9 , 0 0
Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for days for $ and used it for days for personal use. The house remained vacant for the remainder of the year. The expenses for the house included $ in mortgage interest, $ in property taxes, $ in utilities, $ in maintenance, and $ in depreciation. What is their net income or loss from their cabin rental without considering the passive loss limitation Use the IRS method for allocation of expenses.
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