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Gayle rented out her home for 6 days during the year for $8,750. She used the home for personal purposes for the other 359
Gayle rented out her home for 6 days during the year for $8,750. She used the home for personal purposes for the other 359 days. She allocated the following home expenses to the rental use of the home: Insurance Mortgage interest Property taxes Repairs and maintenance Utilities Depreciation $ 88 185 86 242 46 1,050 Gayle's AGI is $192,000 before including the rental activity. What is her AGI after considering the tax effect of the rental use of her home?
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
