H 1 During 2020, Payne rented his vacation home for 90 days and used it personally for 10 days. 2 Gross rental income from the property was $13,000 and Payne incurred the following expenses: Advertising 3 4 Mortgage interest 5 Real estate taxes 6 7 Utilities & Maintenance Depreciation 1,000 6,000 4,000 3,000 5,000 Using the IRS approach, calculate Payne's total Sch E income/(loss) and the amount that he can deduct on his Sch A for 2020. 7 points 9 All calculations must be shown. 10 11