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Question 61 (1 point) Listen Robin owns a vacation home at the beach. During the current year, Robin used the home for 20 days and
Question 61 (1 point) Listen Robin owns a vacation home at the beach. During the current year, Robin used the home for 20 days and rented rented it for 60 days. Robin received rental income of $12,000 and incurred the following expenses: Property taxes Interest expense Maintenance expense Depreciation expenses Utilities expense $3,700 7,300 1,300 400 2,900 a Using the method of allocating expenses sanctioned by the courts, calculate the income Robin will report from the property (Show all calculations in good form) b. Using the IRS method of allocating expenses, calculate the income Robin should report from the property (Show all calculations in good form)
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