Thomas, a California resident, owns a summer cabin in South Lake Tahoe. During 2018,

Thomas stayed 20 days, his parents and siblings stayed 8 days and Thomas rented the 3 bedroom 3 bath cabin for 45 days, at $ 400 per day. The following expenses relate to the summer cabin:

Interest expense on debt secured by the rcabin

and incurred to acquire the cabin $14,000

Property taxes related to residence $ 9,000

Insurance $ 2,920

Utilities $ 5,840

Maintenance $ 4,380

Depreciation (calculated on entire property for this year) $10,220

How much can Thomas deduct on his Schedule E?

In arriving at your answer, you should comment on the two different approaches presented in Bolton v Commissioner.