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Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you! provide the answer TO EACH

Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you!

provide the answer TO EACH QUESTION CLEARLY please!!!

PLEASE CLEARLY LABLE THE ANSWER

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Taxpayer has a single family property at the local beach. During the year Taxpayer rents the property for 250 days and uses the property for personal use 16 days. Taxpayer has the following items of income and expense for this property: - Gross rent - $20,000 - Advertising - \$500 - Property Manager - \$2,500 - Mortgage Interest - $4,500 - Property Taxes - \$6,000 - Repairs and Maintenance - \$4,500 - Home Owner's Association Dues - $750 - Depreciation - $40,000 13) What amount of gross rental income will Taxpayer recognize for this property? Round your final answer to the nearest dollar. a. $1,203 b. $0 c. $20,000 d. $18,797 14) What is the total amount of Tier 2 expenses for this property? Round your final answer to the nearest dollar a. $16,740 b. $704 c. $40,000 d. $0 15) What is the net income/(loss) recognized by the taxpayer related to this property? a. $0 b. (38,750) c. (34,638) d. (36,038)

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