Problem 4 (15 Points)

Trevor traveled a lot this year, living in his home for only 3 months. His home was left unoccupied for 6 months and rented it out for 3 months. He has the following activity related to his home for the entire year:

Rental Income	6,200
Acquisition Mortgage Interest	12,000
Property Taxes	4,000
Utilities	400
Depreciation	2,000
Other activity for the year included:
Salary	50,000
Loss on sale of stock to his father	3,000
Cash charitable contributions	16,000
Tax return preparation fees*	2,000

*50% of $2,000 tax return prep fees relate to preparer's time spent on Trevor's rental activity

For the purposes of this problem, please assume that there are 30 days in each month and you may assume that there are 360 days in the year.Calculate Trevor's 2023 taxable income, trying to minimize his current year taxable income as much as the tax law allows. Be sure to disclose any carryovers to next year. For this problem, please ignore any Sec. 199A deduction. Note that Trevor is a single taxpayer.