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points Time Remaining 44 minutes 19 seconds00:44:19ItemSkippedeBookPrintReferencesCheck my workCheck My Work button is now enabledItem 4 Time Remaining 44 minutes 19 seconds00:44:19Problem 8-37 (LO 8-2)Matt
points Time Remaining 44 minutes 19 seconds00:44:19ItemSkippedeBookPrintReferencesCheck my workCheck My Work button is now enabledItem 4 Time Remaining 44 minutes 19 seconds00:44:19Problem 8-37 (LO 8-2)Matt and Marie own a vacation home at the beach. During the year, they rented the house for 42 days (6 weeks) at $890 per week and used it for personal use for 58 days. The total costs of maintaining the home are as follows: Mortgage interest $ 4,200Property taxes 700Insurance 1,200Utilities 3,200Repairs 1,900Depreciation 5,500 Required:a. What is the proper tax treatment of this information on their tax return using the Tax Court method? (Round your intermediate computations to 5 decimal places and final answers to nearest whole dollar value.)
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