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Submit your answers to questions 1 and 2 via email. State that you have observed the Honor Cod when taking this quiz. Matt and Marie

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Submit your answers to questions 1 and 2 via email. State that you have observed the Honor Cod when taking this quiz. Matt and Marie own a cabin in Lake Tahoe. They spent 45 days there and rented it for 88 days at $150 per day during the year. The total costs relating to the home include the following: Mortgage interest Property taxes Insurance Utilities Repairs Depreciation $ $ $ $ $ $ 4,500 1,200 1,800 2,300 1,500 6,500 1. What is their rental income using the IRS method? 2. What is their rental income using the Tax Court method

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