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Required information [The following information applies to the questions displayed below] Alexa owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the
Required information [The following information applies to the questions displayed below] Alexa owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo Insurance Mortgage Interest Property taxes Repairs & maintenance Utilities Depreciation $ 2,500 7,250 2,400 1,650 3. 3,500 15,750 During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified. Alexa has no sources of passive income. Assuming Alexa receives $22,000 in gross rental receipts, answer the following questions: (Leave no answer blank. Enter zero if applicable.) a. What effect does the rental activity have on her AGI for the year? ADI Required information [The following information applies to the questions displayed below] Alexa owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo: Insurance Mortgage Interest $2,500 Property taxes Repairs & maintenance Utilities Depreciation 7,250 2,400 1,650 3,500 15,750 During the year. Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified. Alexa has no sources of passive income. Assuming Alexa receives $22,000 in gross rental receipts, answer the following questions: (Leave no answer blank. Enter zero if applicable.) b. Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property AGE Required information [The following information applies to the questions displayed below) Alexa owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo Insurance Mortgage interest Property taxes Repairs & maintenance $2,500 7,250 2,400 1,650 Utilities Depreciation 3,500 15,750 During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assuming Alexa receives $22.000 in gross rental receipts, answer the following questions: (Leave no answer blank. Enter zero if applicable.) c. Assuming that Alexa's AGI from other sources is $120,000, what effect does the rental activity have on Alexa's AGI! Alexa makes all decisions with respect to the property AGA
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