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Required information [The following information applies to the questions displayed below.) Alexa owns a condominium near Cocoa Beach in Florida. This year, she incurs the
Required information [The following information applies to the questions displayed below.) Alexa owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo: Insurance Mortgage interest Property taxes Repairs& maintenance Utilities Depreciation $3,500 10,800 3,700 1,150 2,900 22,000 During the year, Alexa rented out the condo for 132 days. Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assume there are 365 days in the year. Assume that in addition to renting the condo for 132 days, Alexa uses the condo for 8 days of personal use. Also assume that Alexa receives $44,500 of gross rental receipts. Answer the following questions: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
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