Required information Problem 14-62 (LO 14-5) (Algo) [The following information applies to the questions displayed below.] Alexa owns a condominium near Cocoa Beach in Florida. In 2023, she incurs the following expenses in connection with her condo: Insurance Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation $ 4,450 9,500 4,800 1,120 4,800 20,600 During the year, Alexa rented out the condo for 103 days. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assume that in addition to renting the condo for 103 days, Alexa uses the condo for 8 days of personal use. Also assume that Alexa receives $45,000 of gross rental receipts, her itemized deductions exceed the standard deduction before considering expenses associated with the condo, and her temized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to rental use of the home. Answer the following questions: For AGI deductions Problem 14-62 Part a (Algo) a. What is the total amount of for AGI deductions relating to the condo that Alexa may deduct in the current year? Assume she uses the IRS method of allocating expenses between rental and personal days. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

Required information Problem 14-62 (LO 14-5) (Algo) [The following information applies to the questions displayed below.] Alexa owns a condominium near Cocoa Beach in Florida. In 2023, she incurs the following expenses in connection with her condo: During the year, Alexa rented out the condo for 103 days. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assume that in addition to renting the condo for 103 days, Alexa uses the condo for 8 days of personal use. Also assume that Alexa receives $45,000 of gross rental receipts, her itgmized deductions exceed the standard deduction before considering expenses associated with the condo, and her hemized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to rental use of the home. Answer the following questions: Problem 14-62 Part a (Algo) What is the total amount of for AGI deductions relating to the condo that Alexa may deduct in the current year? Assume she uses he IRS method of allocating expenses between rental and personal doys. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount