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During the year, Maura rented her vacation home for 12 days for $3,500 and she used it personally for three months. The following expenses were

During the year, Maura rented her vacation home for 12 days for $3,500 and she used it personally for three months. The following expenses were incurred on the home:

  • Property taxes $2,200
  • Mortgage interest $10,800
  • Utilities and maintenance $1,850
  • Depreciation $4,200
  • Insurance $950

Calculate the rental income or loss and the itemized deductions that Maura would be allowed to take on her 2023 tax return.

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