In the current year,Marnie rented her vacation home for 75 days,used it for personal reasons for 22 days,and left it vacant for the remainder of the year.Her income and expenses are as follows: What is Marnie's net income or loss from the activity? Use the Tax Court method.(Round your answer to the nearest whole dollar)
A) $0
B) $4,700 net income
C) $11,123 net income
D) $18,000 net income
Correct Answer:
Verified
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