During 2015, Larry rented his vacation home for 200 days and lived in it for 20 days. During the remaining days of the year, the vacation home was available for rental use. The rental revenue totaled $20,000. Expenses associated with the vacation home for 2015 are as follows:

Mortgage interest $11,000

Property taxes 3,500

Utilities 1,800

Maintenance and repairs 2,000

Depreciation 6,000

Insurance 1,500

Determine the effect of these income and expense items on Larrys 2015 tax return. If the vacation home is personal/rental use, perform the calculations twice, first using the courts approach and second using the IRSs approach. [When calculating percentages, round to the nearest tenth of a percent.]