Required information [The following information applies to the questions displayed below) Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland. He resided in the home for the remainder of the year. Rental income from the property was $6100. Expenses associated with use of the home for the entire year were as follows: Real property taxes Mortgage interest Repairs Insurance Utilities Depreciation $ 3,000 12,000 1,300 1,480 4,920 12,200 a. What effect does the rental have on Dillon's AGI? Effect of rental activity on Dillon's AGI Required information [The following information applies to the questions displayed below.) Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland. He resided in the home for the remainder of the year. Rental income from the property was $6,100. Expenses associated with use of the home for the entire year were as follows: Real property taxes $ 3,000 Mortgage interest 12,000 Repairs 1,300 Insurance 4,920 Depreciation 12,200 1,480 Utilities b. What effect does the rental have on Dillon's itemized deductions (assuming he itemizes deductions before considering deductions associated with the home)? Itemizable real property taxes Itemizable mortgage interest