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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 $ 1,380 Advertising

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

Insurance $ 1,380
Advertising expense 535
Mortgage interest 4,450
Property taxes 890
Repairs & maintenance 790
Utilities 1,360
Depreciation 10,300

During the year, Natalie rented out the condo for 77 days, receiving $15,250 of gross income. She personally used the condo for 35 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.)

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

c. If Natalies basis in the condo at the beginning of the year was $236,000, what is her basis in the condo at the end of the year?

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