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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 $ 1,330 Advertising

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

Insurance $ 1,330
Advertising expense 700
Mortgage interest 5,700
Property taxes 1,330
Repairs & maintenance 750
Utilities 1,030
Depreciation 12,050

During the year, Natalie rented out the condo for 83 days, receiving $15,500 of gross income. She personally used the condo for 53 days during her vacation.

Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 366 days in the current year. (Round your intermediate calculations to 2 decimal places and your final answers 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?

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 $167,000, what is her basis in the condo at the end of the year?

d. Assume that gross rental revenue was $3,100 (rather than $15,500). what amount of for AGI deductions may Natalie deduct in the current year related to the condo?

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