Tyson owns a condominium near Laguna Beach, California. During the year, Tyson rented the condo for 100 days receiving $20,000 of gross rent. He personally used the condo for 60 days. In 2020, he incurs the expenses listed below in connection with his condo. Tyson is deducting $4,000 of state and local income taxes (this does not include any real estate property taxes he is entitled to) as itemized deductions. What is Tyson's net rental income assuming (a) he uses the Tax Court method of allocating expenses and (b) he uses the IRS method of allocating expenses. How much is his itemized deduction for real estate property taxes under each method. Mortgage Interest $9,700 Property taxes 5,650 Repairs 3,250 Utilities 2,160 Maintenance 3,125 Advertising 1,280 Depreciation 11,560 Net rental income - IRS Method TI Net Rental Income Tax court Method Itemized deduction for Real Estate Taxes - IRS Method TI Itemized Deduction for Real Estate Taxes - Tax court Method Show your work for any potential partial credit. Expense Amount IRS Method Tax court Method