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what do i do if theres a loss? Essentials of Federal Income Taxation 8. Vacation Homes. (Obj. 2) During the year, Carlin Barone (SSN 839-62-1444)

what do i do if theres a loss?
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Essentials of Federal Income Taxation 8. Vacation Homes. (Obj. 2) During the year, Carlin Barone (SSN 839-62-1444) rents his vacation home for 90 days and spends 60 days there. The vacation home is a townhome located at 610 Oak St. in Boulder, Colorado 80302. Gross rental income from the property totals $6,000. Carlin's expenses for the property are shown below. Using this information, complete Carlin Barone's Schedule E. Mortgage interest $3,000 Real estate taxes 1,500 Utilities 800 Maintenance 900 Depreciation 4,000

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