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In the current year, Sandra rented her vacation home for 75 days, used it for personal use for 22 days, and left it vacant for
In the current year, Sandra rented her vacation home for 75 days, used it for personal use for 22 days, and left it vacant for the remainder of the year. Her income and expenses before allocation are as follows: Rental income 12,900 Real estate taxes 1,700 Utilities 1,725 Mortgage interest 3,700 Depreciation 6,500 Repairs and maintenance 960 What is Sandras net income or loss from the rental of her vacation home? Use the Tax Court method
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