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[The following information applies to the questions displayed below Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses
[The following information applies to the questions displayed below Natalie owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo Insurance Advertising expense Mortgage interest Property taxes Repairs & maintenance Utilities Depreciation 1,410 590 6,100 1,490 520 10,000 During the year, Natalie rented out the condo for 95 days, receiving $18,000 of gross income. She personally used the condo for 42 days during her vacation. Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property. Assume 365 days in the current year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) d. Assume that gross rental revenue was $3,600 (rather than $18,000), What amount of for AGI deductions may Natalie deduct in the current year related to the condo
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