During the year (not a leap year), Tim rents his vacation home for 30 days, used it personally for 20, and left it vacant for 315 days. He had the following transactions: Rental Income $7,000 RE Taxes $2,500 Interest on Mortgage $9,000 Utilities $2,400 Repairs $1,000 Roof Replacement (capital expend.) $12,000 Depreciation $7,500 Compute net rental income/loss and the amounts Tim can deduct as itemized expenditures, using the Courts method of allocation. Use the IRSs method of allocation. What if Tim rents the house for 87 days and uses it personally for 13 days?