Question
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
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 $5,700. Expenses associated with use of the home for the entire year were as follows: Real property taxes $ 2,800 Mortgage interest 11,500 Repairs 1,200 Insurance 1,360 Utilities 4,440 Depreciation 11,400
Real property taxes | $ 2,800 |
Mortgage interest | 11,500 |
Repairs | 1,200 |
Insurance | 1,360 |
Utilities | 4,440 |
Depreciation | 11,400 |
What are Dillons itemizable real property taxes and itemizable mortgage interest (assuming he itemizes deductions before considering deductions associated with the home)?
Itemized real property taxes | _______? |
Itemized mortgage interest | _______? |
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