During the current year, Kassandra incurs the following expenses with respect to her beachfront condominium in Hawaii:

Insurance $500

Repairs & Maintenance $680

Interest on Mortgage $3,600

Property Taxes $2,600

Utilities $1,000

In addition to the expenses listed above, Kassandra could have deducted a total of $8,400 depreciation if the property had been acquired only for investment purposes. During the year, Kassandra uses the condominium 120 days for vacation. She also rents it out for a total of 180 days during the year, generating a total gross income of $8,000.

a. What is the total amount of deductions for and from AGI that Kassandra may take during the current year with respect to the condominium using the IRS allocation method? (Provide a chart.) ie.

Item Dollar Amount FOR AGI Dollar Amount FROM AGI

Insurance

Repairs & Maintenance

Interest on Mortgage

Property Taxes

Utilities

Depreciation

Total Deductions