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During 2020, Donald rented his vacation home for 180 days and used it personally for 60 days. Gross rental income from the property was $24,000

During 2020, Donald rented his vacation home for 180 days and used it personally for 60 days. Gross rental income from the property was $24,000 and Donald incurred the following expenses: Advertising M N Mortgage interest Real estate taxes Utilities Maintenance Depreciation 1,000 10,000 8,000 2,000 5,000 7,000 Using the IRS approach, calculate Donald's total Sch E income/(loss) and the amount that he can deduct on his Sch A for 2020, 10 points All calculations must be shown

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