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However, at the time of the purchase, the realtor had already rented out the house beginning June 1. Therefore, before the summer started, Ulysses and

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However, at the time of the purchase, the realtor had already rented out the house beginning June 1". Therefore, before the summer started, Ulysses and Ursula only got to spend I weekend there in total since it was Memorial Day weekend. The house was then rented from June 1" through September 30. During the fall, U Ulysses and Ursula spent Columbus Day weekend (3 days) at the house, a week in November on a hunting trip (8 days). Then, Ulysses and Ursula rented the house for the ski season effective 12/1/2017. They received rental income payments of S9,000 per month, which applied to these months in 2017: Jume, July, August, September, and December. Their expenses associated with the property were as follows: gross iniome 8,00 dudueti taxt int Mortgage interest Property taxes Property insurance Repairs 5,000 15,000 XS / 12- 7,000 5,000 4,000 deduct : util ,4 m aint Utilities 3,000 Cleaning If the property is classified as personal/rental property, then Ulysses and Ursula choose to allocate mortgage interest and property taxes between the rental and personal portions using the court's approach. 2,000

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