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QUESTION 13 Carmen Torres has a vacation rental for 2018 Carmen rented the property for 60 days and used the property for personal use for

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QUESTION 13 Carmen Torres has a vacation rental for 2018 Carmen rented the property for 60 days and used the property for personal use for 20 days of a total of 80 days. Her rental income for the year was $10,000. Janet's basis for depreciation in the rental portion is $20,000, and she uses straight-line depreciation with a 25-year useful life. On the vacation rental property, real estate taxes are $1.500. interest on the mortgage is $3,600, utilities are $1,900, and insurance is $625 Complete the information below to report Carmen's income from vacation rental $ Rental Income Expenses of rental portion Taxes Mortgage interest Utilities Insurance Depreciation Total Expenses $ Net Income $

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