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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

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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 in connection with her condo Insurance Advertising expense Mortgage interest Property taxes Repairs and maintenance Utilities Depreciation $1,000 500 3,588 980 650 950 8,5e0 During the year, Natalie rented out the condo for 75 days, receiving $10,000 of gross income She personally used the condo for 35 days during her vacation. Assume there are 365 days in the year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Assume Natalie uses the IRS method of allocating expenses to rental use of the property c. If Natalie's basis in the condo at the beginning of the year was $150,000 what s her bosis in the condo at the end of the yeer? 3

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