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In the current year, Sandra rented her vacation home for 7 5 days, used it for personal use for 2 2 days, and left it
In the current year, Sandra rented her vacation home for days, used it for personal use for days, and left it vacant for the remainder of the year. Her income and expenses before allocation are as follows:
tableRental income,Real estate taxes,UtilitiesMortgage interest,DepreciationRepairs and maintenance,
Required:
What is Sandra's net income or loss from the rental of her vacation home? Use the Tax Court method.
Note: Round your intermediate computations to decimal places and final answers to nearest whole dollar value.
tableRental income,Schedule ESchedule AReal estate taxes,,UtilitiesMortgage interest,,Repairs and maintenance,,DepreciationNet rental income,$
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