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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. (Round your intermediate computations to 5 decimal places and final answers to nearest whole dollar value.)
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