Question
Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: Insurance $1,050 Advertising expense
Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:
Insurance | $1,050 | |
Advertising expense | 965 | |
Mortgage interest | 5,800 | |
Property taxes | 1,080 | |
Repairs & maintenance | 1,130 | |
Utilities | 550 | |
Depreciation 8700 During the year, Natalie rented out the condo for 94 days, receiving $22,500 of gross income. She personally used the condo for 50 days during her vacation
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