In 2021, Professor Patricia (Patty) Pt retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 62 years old. Patty lives at 98 Colander Street, Apt. 206D, Henderson, NV 89052. Professor Pt's Social Security number is 565-66-9378. In 2021, Patty had just a few months of salary from her previous job: Wages Federal tax withheld State tax withheld $9,850 450 0 Patty owns a rental condo located at 392 Spatula Way, Mount Charleston, NV 89124. The condo rented for 60 days of 2021 for $850 a month but a mold problem was discovered in the condo, her renters moved out, and she was unable to rent the apartment after the repairs (despite Patty vigorously pursuing new tenants). Patty actively manages the property herself. The following are the related expenses for the rental house: Real estate taxes Mortgage interest $4,000 5,000 Insurance 550 Depreciation (assume fully depreciated) 0 Homeowners' Association dues 1,250 Repairs Gardening 5,150 575 Advertising 1,200 The condo was purchased on August 31, 1982. Patty handles all rental activities (e.g., rent collection, finding tenants, etc.) herself. In 2021, Patty sold her beloved home of almost 30 years for $380,100 on February 27, 2021. Her basis in the home was $120,000 and she acquired the home sometime in July of 1991 (she could not remember the day).