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QUESTION 34 Tori owns a duplex in Virginia One-half of the unit was vacant during January and February last year, so Tori and her family

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QUESTION 34 Tori owns a duplex in Virginia One-half of the unit was vacant during January and February last year, so Tori and her family drove out and stayed in the unit for a 7 day vacation. Other than those two months the unit was rented the entire year. The unit brought in $10000 of rental revenues and generated $11.500 in expenses related to the rental days. How will Tori handle this activity for tax purposes assuming her AGIS 580.0002 Tori will deduct any interest not allocated to rental days as an itemized deduction Tori will deduct a loss of $1,500. Tori will be able to offset her revenues, but will not be able to deduct the rental loss due to the personal usage of the unit. Tori will have a suspended passive loss of $1,500

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