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During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawail (Cick the icon to view tha data) During 2018, Kim
During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawail (Cick the icon to view tha data) During 2018, Kim used the condominium 20 days for vacation. She rentedout for a total of 60 days, generating a total gross income of 59,100 Read the requiremenits Requirement a. What are the total amounts of deductions for and from AGI that Kim may lake during 2018 with respect to the condominium using the IRS alocation method? (For purposes of this problem, use the alocation fermula set forth by Sec 280A. Enter 0 for zero amounts) For AG From AG tem Insurance More Into Repairs and maintenance Interest on mortgag Expense Item mocun Property taxes Utilities Insurance S 500 Repairs and maintenance 700 Interest on mortgage Total deductions 3,000 Property taxes 1,000 Utilities 800 8,000 Requirements Done What are the total amounts of deductions for and from AGl that Kim may take during 2018 with respect to the condominium using the IRS alocation method? a. b. What is the ellect on the basis of the condominium? Print Done
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