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her condo: Insurance $ 3 , 0 5 0 Mortgage interest 8 , 0 7 5 Property taxes 2 , 8 4 0 Repairs &

her condo:
Insurance $ 3,050
Mortgage interest 8,075
Property taxes 2,840
Repairs & maintenance 1,925
Utilities 4,600
Depreciation 17,125
During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income.
Assuming Alexa receives $24,200 in gross rental receipts, answer the following questions:
Note: Leave no answer blank. Enter zero if applicable.
b. Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property c. Assuming that Alexa's AGI from other sources is $120,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property.

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