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Part IV. Calculate the deduction allowed: 20 points 700 Rental of Vacation Home. During 2021, Kim incurs the following expenses with respect to her beachfront

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Part IV. Calculate the deduction allowed: 20 points 700 Rental of Vacation Home. During 2021, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii Fixpense Item Aman Insurance $ 500 Repairs and maintenance Interest on mortgage 3,000 Property taxes 1,000 Utilities 800 Depreciation 58,000 During 2021, Kim used the condominium 20 days for vacation. She rented it out for a total of 60 days generating a total gross income of $9,100. 4. What are the total amounts of deductions for and from At that Kim may take during 2021 with respect to the condominium using the IRS allocation method b. What is the effect on the basis of the condominium

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