O He must report the income the number of days herents the property exceed 10% of the number of days he person He must always report all of the rental income received When he rent the house 15 days or more in a year Mark for follow up Question 70 of 75. Marty is a single taxpayer with modified adjusted gross income of $140.000 and an active participation rental real estate loss of $30,000. Assuming he has no other source of passive income, what is he t ed special loss lowance? $5.000 O $15.000 O $20,000 O $30.000 Mark for follow up Question 71 of 75 What is the IRS method of allocating expenses between rental use and personal use? O Al rental expenses are allocated as a percentage of rental use days to total days owned All rental expenses are allocated as a percentage of rental-use days to total days used O Mortgage interest, real estate taxes, and allowed casualty losses are allocated as a percentage of rental-use days to total days owned Mortgage interest and real estate taxes are located as a percentage of rental se days to total days used for rental and personal use. Mark for follow up Question 72 of 75. In the year of disposition, how is the depreciation deduction calculated for real rental property that has been depreciated using the mid-month convention? The depreciation in the year of disposition will be the same as the depreciation in a regular year. The deductible amount will be determined by the month in which the asset is disposed of. The deductible amount will be half the depreciation determined for the full year. Using information from the MACRS percentage tables, the calculation is made based on a short tax year. Mark for follow up Question 73 of 75. Laina owns a rental house that she has rented to various tenants since September of 2001. The backyard fence fell disrepair in June of 2019. She had it replaced June 27, 2019 for $8.399. If Laina elects to use special depreciation fr new fence, what is the amount of current depreciation (excluding the amount of current special depreciation for asset? O so O $210 $315 5420