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Question 75 of 75. Manuela began renting her entire main home at fair rental value on May 1, 2008. When she converted the house to

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Question 75 of 75. Manuela began renting her entire main home at fair rental value on May 1, 2008. When she converted the house to rental property, the adjusted basis was $205,000, which included $18,000 of value attributable to the land. The fair market value at the time of conversion was $195,000, including land value of $10,000. In 2019, Manuela received $19.200 in rental income from the property. Her expenses for the year included: yard maintenance, $480; repairs, $850; property Insurance, $2,520; mortgage interest $8,960; real estate tax, $2,750. What is Manuela's loss on the rental property? O ($3,861) O ($3,766) ($3,693) ($3,088) Question 75 of 75. Manuela began renting her entire main home at fair rental value on May 1, 2008. When she converted the house to rental property, the adjusted basis was $205,000, which included $18,000 of value attributable to the land. The fair market value at the time of conversion was $195,000, including land value of $10,000. In 2019, Manuela received $19.200 in rental income from the property. Her expenses for the year included: yard maintenance, $480; repairs, $850; property Insurance, $2,520; mortgage interest $8,960; real estate tax, $2,750. What is Manuela's loss on the rental property? O ($3,861) O ($3,766) ($3,693) ($3,088)

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