Required information [The following information applies to the questions displayed below] Natalie owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo: Insurance Advertising expense Hortgage interest Property taxes $570 220 6,000 1,520 Repairs & maintenance Utilities Depreciation 800 10,800 During the year, Natalie rented out the condo for 91 days, receiving $14,750 of gross income. She personally used the condo for 37 days during her vacation. Natalie's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property Assume Natale uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year (Do not round apportionment ratio. Round all other dollar values to the nearest whole dollar amount.) 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)? Fm All dethich Required information [The following information applies to the questions displayed below] Natalie owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo Insurance Advertising expense Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation $570 720 6,000 1,520 300 860 10,800 During the year, Natalie rented out the condo for 91 days, receiving $14,750 of gross income. She personally used the condo for 37 days during her vacation. Natalie's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property 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 apportionment ratio. Round all other dollar values to the nearest whole dollar amount.) b. What is the total amount of itemized deductions Natalie may deduct in the current year related to the condo? Hemized deduction Required information [The following information applies to the questions displayed below] Natalie owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo: Insurance Advertising expense $570 720 Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation 6,000 1,520 880 860 10,800 During the year, Natalie rented out the condo for 91 days, receiving $14,750 of gross income. She personally used the condo for 37 days during her vacation. Natalie's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property. 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 apportionment ratio. Round all other dollar values to the nearest whole dollar amount.) c. If Natalie's basis in the condo at the beginning of the year was $196,000, what is her basis in the condo at the end of the year? Basis in the condo Required information [The following information applies to the questions displayed below] Natalie owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo Insurance Advertising expense Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation $570 720 6,000 1,520 880 10,000 During the year, Natalie rented out the condo for 91 days, receiving $14,750 of gross income. She personally used the condo for 37 days during her vacation. Natalie's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property 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 apportionment ratio. Round all other doller values to the nearest whole dollar amount.) d. Assume that gross rental revenue was $2.950 (rather than $14,750). What amount of for AGI deductions may Natalie deduct in the current year related to the condo? Far AGI deductions