Problem 14-59 (LO 14-5)

[The following information applies to the questions displayed below.] Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:

Insurance	$	1,330
Advertising expense		700
Mortgage interest		5,700
Property taxes		1,330
Repairs & maintenance		750
Utilities		1,030
Depreciation		12,050

During the year, Natalie rented out the condo for 83 days, receiving $15,500 of gross income. She personally used the condo for 53 days during her vacation.

Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

Problem 14-59 Part d

d. Assume that gross rental revenue was $3,100 (rather than $15,500). What amount of for AGI deductions may Natalie deduct in the current year related to the condo?