Question
Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: Insurance $690 Advertising expense
Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:
Insurance | $690 | |
Advertising expense | 890 | |
Mortgage interest | 3,900 | |
Property taxes | 860 | |
Repairs & maintenance | 1,280 | |
Utilities | 1,430 | |
Depreciation During the year, Natalie rented out the condo for 88 days, receiving $32,500 of gross income. She personally used the condo for 48 days during her vacation.
| 13,450
|
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