For 2023*

Problem 14.59 (LO 14.5) (Algo) Tamar owns a condominlum near Cocoa Beach in Fiorlda, In 2023, she incurs the following expenses in connection with her condo: During the year. Tamar rented out the condo for 92 days, receiving $33.000 of gros 5 income. She personally used the condo for 40 days during her vacation. Tamar's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property. Assume Tamar uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. Note: Do not round apportionment ratlo. Round all other dollar values to the nearest whole dollar amount. Required: a. What is the total amount of for AGI (rental) deductions Tamur may ceduct in the current year related to the condo lassuming she tremizes deductions before considering deductions assoclated with the condo)? b. What is the total amount of itemized cleductions Tamar may deductin the current yearce ated to the condo? C.If Tamar's basis in the condo at the beginning of the your was $195,000, what is her basls in the condo at the end of the year? d. Assume that gross rentai revenue was $3.600 (rather than $33,000. What amount of for AGt deductions moy Tamar deduct in the curfert year related to the condo