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Russell Jones rented his vacation home for 185 days. He lived in the home for 15 days. The gross rental revenue from the home was

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Russell Jones rented his vacation home for 185 days. He lived in the home for 15 days. The gross rental revenue from the home was $11,100. For the entire year, Russell paid the following additional amounts relating to the vacation home: real estate taxes, $1,800; mortgage interest, $6,350; Utilities and maintenance, $2,500. Depreciation expense on the entire home would be $3,750. Compute the deductible amount of Rental Expenses and the income or (loss) he should report on his income tax return. Assume the vacation home expenses are allocated using the rental days and personal days. Total Rental Revenue Real estate taxes on vacation home Mortgage Interest on vacation home Utilities and maintenance on vacation home Depreciation on vacation home

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