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 $ 1,040 520 3,640 918 670 970 8,900 During the year, Natalie rented out the condo for 75 days, receiving $10,000 of gross income. She personally used the condo for 35 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 IRS method of allocating expenses to rental use of the property. a. What is the total amount of for AGI (rental) deductions Natalie may deduct in the current year related to the condo? b. What is the total amount of itemized deductions Natalie may deduct in the current year related to the condo? c. If Natalie's basis in the condo at the beginning of the year was $154,000, what is her basis in the condo at the end of the year? d. Assume that gross rental revenue was $2,400 (rather than $10,000). What amount of for AGI deductions may Natalie deduct in the current year related to the condo (assuming she itemizes deductions before considering deductions associated with the condo)? e. Assuming that gross rental revenue was $2,400 (rather than $10,000) and that Natalie's itemized deduction for taxes is $10,000 before considering property taxes allocated to rental use of the property, what amount of for AGI deductions may Natalie deduct in the current year related to the condo? (For all requirements, do not round apportionment ratio. Round all other values to the nearest whole dollar amount.) a. For AGI deductions b. Itemized deductions c. Basis at the end of the year d. For AGI deductions e. For AGI deductions Using the original facts, complete Natalie's Form 1040. Schedule E Schedule A to include her from AGI deductions related to the condo Social security numbers: 997-65-4321 Natalie Taxpayer scoress to North Carolina Beach House. Form 1040 of Natalie's taxpayer. Schedule Schedule A Form 1040 Schedule E. SCHEDULE E (Form 1040) Det er Supplemental Income and Loss trementara barabarta, Scarpentiem, watwa, trust, thecht om 104, 104-104-NIE, 1941. Cote www.rage Schedule teritruction and the beat internation CIVIS N 1545-0014 2020 menim AN13 Your Owner Parti Income or Locc From Rental Real Estate and Royalties Note: If you are in the business of ranting personal property, use Bohedule C. Son instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2 line 40. Did you pay in 2020 would require you looma 10 Seris Yes No ad you will you do 100 Yes No Tychox alchproperly A C Tb Iypaal itparis (hum her Herbal Iwonal Uwe Wwy buv A 2 orechy tan, urai prawdy. Check bly you mal quilo , . 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