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

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?