what criterion is used to determine the date when foregun taxes accrue formpurposes if the foregun tax credit

Question 73 of 75. Mona owns a rental house that she has rented to various tenants since September of 2001. She personal to rental property. At the time of conversion, the adjusted of $11.600. The fair market value of the house was $146,000, including land value of $11,800.The e hose from of the house was $154 00,Inchaing land vae cdisrepair in June of 2018. She had it replaced June 27th, 2018, for $8,399. Her rental income was $12240. Men the year include: backyard fence t wxpenses tor Yard maintenance of $480. Insurance of $2,520. . Tax preparation fees of $500. Mortgage interest of $3,572. Repairs of $650. Real estate taxes of $1,938 Exterminator of $143. special depreciation for the new fence, what is her net profit or loss on the rental house? O ($7,277) O ($5,962) O ($3,363) 0 ($2,870) Mona is not a real estate professional, and she materially participates in the rental activity.I Mona elects to opt out Mark for follow up ) He used 350 square fe