Suzanne purchased a condo in Daytona Beach, Florida,for $640,000 in January of thisyear. She'sbeen very lucky to be able to spend twomonths of the year at the condo (60 days). She also rented the condo for 180 days of the year. She received $45,000cash from the tenant during the rental period.

Suzanne had to take a mortgage out on the condo and has paid $23,000 in mortgage interest during the year. Real-estate taxes on the condo were $12,700 for the year. She also paid the following amounts:

Electricity and water$5,433Maintenance fees$7,800Sewage fees$1,100Insurance for the year$1,400Painting costs$5,400Pool upkeep$700Advertising$400

Suzanne has asked you to advise her on how to complete Schedule E for her tax return. She is interested in not only reporting the lowest income, but also maximizing her deductionson the tax return.

Suzanne files single-status, and her AGI before any rental incomeor loss is $133,000.

Complete Suzanne's Schedule E and any other required forms for the current tax year (2016)

Complete Suzanne's Schedule E, Form 4562, and Form 8582 using the current-year tax forms at theIRS website

(Links to an external site.)

Links to an external site.

.Also attach any supporting calculations.