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Jeff began renting out the home and receiving rental income March 1. The renter vacated June 30 after 122 days and Annie, the daughter of
Jeff began renting out the home and receiving rental income March 1. The renter vacated June 30 after 122 days and Annie, the daughter of Jeffs best friend Roy, needed a place to live for July and August (62 days). He decided to rent to Annie at less than FRV, just enough to pay utilities. Jeff vacationed there in September (30 days) and rented it out at FRV for the rest of the year (92 days). For Jeffs rental home, amounts paid during the tax year were $9,840 for mortgage interest and $1,950 for real estate taxes. What amounts should Jeff report on Schedule A, Itemized Deductions, for mortgage interest and real estate taxes for his rental home? a) $
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