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Please Assist: (Fed Tax Accounting) During 2021, Kim hars the following expenses wth respect to her benchfront condominium in Hiowal: (i) (Click the icon to
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During 2021, Kim hars the following expenses wth respect to her benchfront condominium in Hiowal: (i) (Click the icon to view the data.) During 2021, Kim used the condominium 20 days for vacalicn. She rented it out for a total of 60 doys, ganerating a fotal gross income of $8,100. Read the requirements Requirement a. What are the total ancunts of deductions for and from AGI that iom may take during 2021 with respect to the condominium ushy the IRS alocation method? (For purposes af thi problem, use the allocation formula set forth by Sec. 2b0A. Enter "O for zero anounts.) More info Requirements a. What ae the tobal anounts of deductions for and bom AG1 that Kim may take during 2021 wath respect to the condominium using the IfS alocaton method? b. What is the effect on the basis of the condominium (Fed Tax Accounting)
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