John has a vacation condo in the Florida Keys that he has rented out for two weeks in December for $250 a day. John has used this vacation home himself for a total of three weeks during the year. His total (unallocated) expenses for the condo are Taxes $1,500 Insurance 2,000 Repairs and maintenance 1,100 Interest 4,500 Depreciation for year 1,000 John received a call from his tenants who want to extend their rental of the condo for another week. John is in the 35 percent marginal tax bracket.What tax factors should John consider in making the decision to extend the rental of the condo?

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