Tamar owns a condominium near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo: During the year, Tamar rented out the condo for 75 days, receiving $10,000 of gross income. She personally used the condo for 35 days during her vacation. Tamar's itemized deduction for nonrental taxes is less than $10,000 by more than the property taxes allocated to the rental use of the property. Assume Tamar uses the IRS method of allocating expenses to rental use of the property. Required: 0. Whot is the total amount of for AGl (rental) deductions Tamor moy deduct in the current year related to the condo? b. What is the total amount of litemized deductions Tamor may deduct in the current year related to the condo? c. If Tomar's bosis in the condo at the beginning of the year was $150.000. what is her basis in the condo at the end of the year? d. Assume thot gross rental revenue was $2.000 (rather thon $10,000. What amount of for AGI deductions may Tamor deduct lin the current year related to the condo lossuming she temizes deduct ons before considering deductions ossocioted with the condo)? e. Assuming that gross rental revenue wos $2.000 (cather than $10.000 ) and that Tomor's itemized deduction for taxes is $10.000 before considering property toxes allocated to rontal ise of the pioperty, what omount of for AGt deductions may Toman deduct in the current yeor related to the condo? Note: For all requirements, do not round opportionment ratio. Round all other doller values to the nearest whole dollar amount. a. What is the total amount of for AGI (rental) deductions Tamar may deduct in the current year related to the condo? b. What is the total amount of itemized deductions Tamar may deduct in the current year related to the condo? c. If Tamar's basis in the condo at the beginning of the year was $150,000, what is her basis in the condo at the end of the year? d. Assume that gross rental revenue was $2,000 (rather than $10,000 ). What amount of for AGI deductions may Tamar deduct in the current year related to the condo (assuming she itemizes deductions before considering deductions associated with the condo)? e. Assuming that gross rental revenue wos $2,000 (rather than $10,000 ) and that Tomar's itemized deduction for taxes is $10,000 before considering property taxes allocated to rental use of the property, what amount of for AGI deductions may Tamar deduct in the current year related to the condo? Note: For all requirements, do not round apportionment ratio. Round all other dollar values to the neorest whole dollor amount
