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please be clear with each part Tamar cowns a condominium neat Cocoa Beach in Florida in 2022; she incurs the following expenses in connection with
please be clear with each part Tamar cowns a condominium neat Cocoa Beach in Florida in 2022; she incurs the following expenses in connection with herconcio: During the year, Tamar rented out the condo for 75 days, receiving $10,000 of gross income, She personally used the condo for 35 days during her vacation. Tamar's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes alfocated to the rental use of the property Assume Tamar uses the IRS method of allocating expenses to rental use of the property Required: a. What is the total amount of for AGI (rentai) deductions Famar may deduct in the current year related to the condo? b. What is the total amount of itemized deductions Tamar may deduct in the current year related to the condo? c. If Tamar's basis in the condo at the beginning of the year was $150,000, what is her basis in the condo at the end of the year? d. Assume that gross rental revenue was $2.000 (rather than $10,000 ) What amount of for AGt deductions may Tamar deduct in the current year related to the condo (assuming she itemizes deductions before considering deductions associated with the condo)? e. Assuming that gross rental revenue was $2,000 (rather than $10,000 ) and that Tamar's itemized deduction for taxes is $10,000 before considering property taxes allocated to rental use of the property, vihat amount of for AGt deductions ritay Famer deduct in the current year related to the condo? Note: For all requirements, do not round apportionment ratio. Round all other dollar values to the nearest whole dollar amount
please be clear with each part
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