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Rhonda rented her vacation home for 30 days when the Winter Olympics were held in the city. She received rent revenue was $6,000 which was
Rhonda rented her vacation home for 30 days when the Winter Olympics were held in the city. She received rent revenue was $6,000 which was a fair rental rate during this tourist season. She lived in the home 30 days. She paid a total of $7,300 for taxes and mortgage interest on the home. She paid utility expense and repair expense totaling $4,000. Total depreciation on the home is $8,000 per year. How much depreciation expense will she report on Schedule E for this rental property for 2019?
Group of answer choices $3,000 $7,400 $3,400 $2,400
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