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Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: Insurance$1,000 Advertising expense500 Mortgage

Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:

Insurance$1,000

Advertising expense500

Mortgage interest3,500

Property taxes900

Repairs and maintenance650

Utilities950

Depreciation8,500

During the year, Natalie rented out the condo for 75 days, receiving $10,000 of gross income. She personally used the condo for 35 days during her vacation. Assume there are 365 days in the year.

Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property.(Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)

d.Assume that gross rental revenue was $2,000 (rather than $10,000). What amount offorAGI deductions may Natalie deduct in the current year related to the condo?

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