Jessica Haven purchased a pre-existing rental property on February 1, 2022. She purchased the building for $150,000 and the land for $50,000. She rented the entire property to one tenant for $2,500 per month. There were no vacancies during the year.

Expenditures during 2022 included the following:

Mortgage interest $7,000,

Property taxes $4,000,

Insurance $1,500,

Maintenance $750,

and Adverting $250.

She received an invoice on February 1, 2023 in the amount of $1,500 from Rentlife Property Management for 2022 services including collecting the monthly rent and managing the property.

Required:

Please complete a T776 form for the taxpayer based on the information provided.