Required information The following information applies to the questions displayed below) Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: $ 750 Advertising expense Mortgage interest Property taxes 1.530 Unities 1.410 11,000 During the year, Natalie rented out the condo for 87 days, receiving $32,250 of gross income. She personally used the condo for 45 days during her vacation. Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) a. What is the total amount of for AGI rental) deductions Natalie may deduct in the current year related to the condo (assuming she itemizes deductions before considering deductions associated with the condo)? For AGI deductions Required information The following information applies to the questions displayed below.) Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection Insurance Advertising expense Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation $ 750 695 3,850 1,530 1,170 1,410 11,000 During the year, Natalie rented out the condo for 87 days, receiving $32,250 of gross income. She personally used th condo for 45 days during her vacation. Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in t current year. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amoun b. What is the total amount of itemized deductions Natalie may deduct in the current year related to the condo? Itemized deductions Required information The following information applies to the questions displayed below.] Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: Insurance Advertising expense Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation $ 750 695 3,850 1,530 1,170 1.410 11.000 During the year, Natalie rented out the condo for 87 days, receiving $32,250 of gross income. She personally used the condo for 45 days during her vacation. Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) c. If Natalie's basis in the condo at the beginning of the year was $198,000, what is her basis in the condo at the end of the year? Basis in the condo
