ESTION 6 Carol owns a home in the Hamptons. She rents it out for 240 days during 2020 and she uses the home for herself for 20 days during the year. She receives $100,000 for rent, has $50,000 of operating expenses. She pays $25,000 of mortgage interest expense, and she pays $15,000 in real estate taxes for the year. Depreciation for the year is $125,000. How much income or loss will Carol have to report on her 2020 income tax return with respect to the rental? Can Carol carryover any expenses to 2021