Assume Natalie uses the Tax Court method of allocating expenses to rental use of the property.

a) What is the total amount of for AGI (rental) deductions Natalie may deduct in the current year related to the condo?

b) What is the total amount of itemized deductions Natalie may deduct in the current year related to the condo?

c) If Natalie’s basis in the condo at the beginning of the year was $150,000, what is her basis in the condo at the end of the year?

d) Assume that gross rental revenue was $2,000 (rather than $10,000). What amount of for AGI deductions may Natalie deduct in the current year related to the condo?

Use the following facts to answer problems 63, 64, and 65.

Alexa owns a condominium near Cocoa Beach in Florida. This year, she incurs the following expenses in connection with her condo:

Insurance $ 2,000 Mortgage interest 6,500 Property taxes 2,000 Repairs & maintenance 1,400 Utilities 2,500 Depreciation 14,500 During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year. Alexa’s AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income.