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During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant

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During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the following income and expenses: Rent income $7,000 Expenses Real estate taxes Interest on mortgage Utilities Repairs Roof replacement (a capital expenditure) Depreciation 2,500 9,000 2,400 1,000 12,000 $7,500 If an answer is zero, enter "O". Assume 365 days in a year. a. Using the court's approach to allocating property taxes and interest. Compute Anna's taxable net rent income or deductible rental loss b. Which expenses (if any) can she claim as itemized deductions? If it is an itemized deduction select "Yes", otherwise select "No

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