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During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year.

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During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assuming Alexa receives $20,600 in gross rental receipts, answer the following questions: Note: Leave no answer blank. Enter zero if applicable. Required: a. What effect does the rental activity have on her AGI for the year? b. Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGl? Alexa makes all decisions with respect to the property c. Assuming that Alexa's AGl from other sources is $120,000, what effect does the rental activity have on Alexa's AGl? Alexa makes all decisions with respect to the property. d. Assume that Alexa's AGl from other sources is $200,000. This consists of $147,750 salary, $10,600 of dividends, $25,900 of longterm capital gain, and net rental income from another rental property in the amount of $15,750. What effect does the Cocoa Beach condo rental activity have on Alexa's AGl? Complete this question by entering your answers in the tabs below. What effect does the rental activity have on her AGI for the year? Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. Her business expenses, other than home office expenses, total $5,960. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Also, assume that, not counting the sole proprietorship, Rita's AGI is $63,600. Rita itemizes deductions, and her itemized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the home. Assume Rita's consulting business generated $15,900 in gross income. Note: Leave no answer blank. Enter zero if applicable. Required: a. What is Rita's home office deduction for the current year? b. What would Rita's home office deduction be if her business generated $10,900 of gross income instead of $15,900 ? (Answer for both the actual expense method and the simplified method.) c. Given the original facts, what is Rita's AGI for the year? d. Given the original facts, what types and amounts of expenses will she carry over to next year? Complete this question by entering your answers in the tabs below. What is Rita's home office deduction for the current year

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