ired information Following information applies to the questions displayed below.] owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in conn ondo: urance gage interest perty taxes irs & maintenance lities reciation $ 2,000 6,500 2,000 1,400 2,500 14,500 the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purpo ear. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified es of passive income. ne Alexa receives $30,000 in gross rental receipts. itemized deductions ct do the expenses associated with the property have on her itemized deductions? hapter 14 Quiz ! Required information [The following information applies to the questions displayed below.] Alexa owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo: Insurance Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation Saved $ 2,000 6,500 2,000 1,400 2,500 14,500 During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assume Alexa receives $30,000 in gross rental receipts. Amount of itemized deductions b. What effect do the expenses associated with the property have on her itemized deductions