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During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii: During 2018, Kim used the condominium 20 days for vacation.

During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii:

During 2018, Kim used the condominium 20 days for vacation. She rented it out for a total of 60 days, generating a total gross income of $9,100.

Requirement a. What are the total amounts of deductions for and from AGI that Kim may take during 2018 with respect to the condominium using the IRS allocation method? (For purposes of this problem, use the allocation formula set forth by Sec. 280A. Enter "0 for zero amounts.)

Item

For AGI

From AGI

Insurance

Repairs and maintenance

Interest on mortgage

Property taxes

Utilities

Depreciation

Total deductions

More Info

Expense Item

Amount

Insurance

$500

Repairs and maintenance

700

Interest on mortgage

3,000

Property taxes

1,000

Utilities

800

Depreciation

8,000

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