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Destiny lives in Eugene, OR . She bought a condo in a high - rise building in Nevada with a gorgeous view of Lake Tahoe.

Destiny lives in Eugene, OR. She bought a condo in a high-rise building in Nevada with a gorgeous view of Lake Tahoe. She uses the condo for a full week every other month and rents it during the rest of the year for a total of 323 days (assume not a leap year). The rental income is $24,000. She has the following annual expenses: mortgage interest $20,300, property tax $5,000, repairs and maintenance $2,400, insurance $800, boat rental for a party $500, meals out with friends $600, and gambling expense $5,000. What does Destiny report on her Schedule E?

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