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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

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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: 50 Thourance $1.000 Adriving expense 500 Korte Interest 3.500 Property taxe 900 Repair maintenance 650 Utili Depreclution 1.500 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 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.) d. Assume that gross rental revenue was $2,000 (rather than $10,000). What amount of for AGI deductions may Natalie deduct in the current year related to the condo? Natalie owns a condominium near Cocoa Beach in Florida. In 2021, she incurs the following expenses in connection with her condo: 500 3,500 900 950 Insurance $ 1.000 hrertising expense Mortgage interest Property taxes Repair maintenance 650 Utilities Depreciation 8,500 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 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.) d. Assume that gross rental revenue was $2.000 (rather than $10,000). What amount of for AGI deductions may Natalie deduct in t current year related to the condo? Answer is complete but not entirely correct. FORAGI deductions S 8,317

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