Question
During the year (not a leap year), Anna rented her vacation home for 87 days, used it personally for 13 days, and left it vacant
During the year (not a leap year), Anna rented her vacation home for 87 days, used it personally for 13 days, and left it vacant for 265 days. She had the following income and expenses:
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If required, round your answers to the nearest dollar. If an amount is zero, enter "0". Assume 365 days in a year.
a. Is her vacation home classified as rental property?
b. Compute the following regarding the rental use of the property:
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c. Anna has a of $ this year.
d. What amount of the real estate taxes can Anna deduct as an itemized deduction? $
e. What amount of the mortgage interest can Anna deduct as an itemized deduction? $
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