Alice rented her personal residence for 13 days to summer vacationers for $4,500. She has AGI of $105,000, before the rental income. Related expenses for the year include the following: 11eb79ad_0397_1cd4_9598_c3e0c28f83b6_SM1713_00 Calculate the effect of the rental on Alice's AGI. Explain your rationale, citing tax authority.

Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

النسخة 4الرقم المعياري الدولي: 978-0078110993

Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

النسخة 4الرقم المعياري الدولي: 978-0078110993

تمرين 12

Alice rented her personal residence for 13 days to summer vacationers for $4,500. She has AGI of $105,000, before the rental income. Related expenses for the year include the following:

Calculate the effect of the rental on Alice's AGI. Explain your rationale, citing tax authority.

التوضيح

موثّق

Income tax is the tax paid by individual...