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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 $ 990 Advertising

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

Insurance $ 990
Advertising expense 615
Mortgage interest 6,500
Property taxes 1,000
Repairs & maintenance 930
Utilities 710
Depreciation 11,050

During the year, Natalie rented out the condo for 79 days, receiving $26,000 of gross income. She personally used the condo for 43 days during her vacation. Natalie's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property.

Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 366 days in the current year. (Do not round apportionment ratio. Round all other dollar values to the nearest whole dollar amount.)

a. What is the total amount of for AGI (rental) deductions Natalie may deduct in the current year related to the condo (assuming she itemizes deductions before considering deductions associated with the condo)?

b. What is the total amount of itemized deductions Natalie may deduct in the current year related to the condo?

d. Assume that gross rental revenue was $3,200 (rather than $26,000). What amount of for AGI deductions may Natalie deduct in the current year related to the condo?

a. For AGI deductions$11,096selected answer incorrect

b.

Itemized deductions $5,879selected answer incorrect

d.

For AGI deductions $962selected answer incorrect

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