1. Susan has the following casualty gains and losses. AGI without these items is 20,000
   1. Losses
      1. Auto damage from Earthquake (fed disaster area) 1,000
      2. House damage from a tornado (fed disaster area) 5,000
      3. Vacation home damage from ice storm (not fda) 8,000
   2. Insurance proceeds
      1. Auto None
      2. House 2,500
      3. Vacation home 9,000
2. Blake rents a vacation home he owns in Lake Geneva, WI
   1. Rent Revenue 3,000
   2. Mortgage interest 4,000
   3. Property tax 2,000
   4. Advertising 500
   5. Repairs 600
   6. Depreciation 2,000

What is the tax impact if:

2. 1. He rents 13 days and uses 80 days?
   2. He rents 90 days and uses 60 days?
   3. He rents 90 days and uses 10 days?
3. Lucy has a schedule C business. She buys 2 assets, as follows in 2021. What is the maximum and minimum depreciation amounts she could compute for 2021?

3/2 Desk 1,000

11/12 Computer 5,000