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Dillon rented his personal residence at Lake Tahoe for 1 4 days while he was vacationing in Ireland. He resided in the home for the

Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland. He resided in the home for the remainder of the year. Rental income from the property was $6,500. Expenses associated with use of the home for the entire year were as follows:
Real property taxes $ 3,100
Mortgage interest 12,000
Repairs 1,500
Insurance 1,500
Utilities 3,900
Depreciation 13,000
b. What effect does the rental have on Dillon's itemized deductions (assuming he itemizes deductions before considering deductions associated with the home)?
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Anwer owns a rental home and is involved in maintaining it and approving renters. During the year, he has a net loss of $8,000 from renting the home. His other sources of income during the year are a salary of $111,000 and $34,000 of long-term capital gains.
How much of Anwer's $8,000 rental loss can he deduct currently if he has no sources of passive income?

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