During the year, Rita rented her vacation home for twelve days for $2,400 and she used it personally for three months. The following expenses were incurred on the home:
$\begin{array}{lr}
\text { Property taxes } & \$ 2,200 \
\text { Mortgage interest } & 10,800 \
\text { Utilities and maintenance } & 1,900 \
\text { Depreciation } & 5,000 \
\text { Insurance } & 900
\end{array}$
Calculate her rental gain or loss and itemized deductions.

Question

During the year, Rita rented her vacation home for twelve days for $2,400 and she used it personally for three months. The following expenses were incurred on the home:
 $\begin{array}{lr}
\text { Property taxes } & \$ 2,200 \
\text { Mortgage interest } & 10,800 \
\text { Utilities and maintenance } & 1,900 \
\text { Depreciation } & 5,000 \
\text { Insurance } & 900
\end{array}$ 
Calculate her rental gain or loss and itemized deductions.

Quizplus · Accepted Answer

The Answer of During the year, Rita rented her vacation home for twelve days for $2,400 and she used it personally for three months. The following expenses were incurred on the home:
 $\begin{array}{lr}
\text { Property taxes } & \$ 2,200 \
\text { Mortgage interest } & 10,800 \
\text { Utilities and maintenance } & 1,900 \
\text { Depreciation } & 5,000 \
\text { Insurance } & 900
\end{array}$ 
Calculate her rental gain or loss and itemized deductions.

During the Year, Rita Rented Her Vacation Home for Twelve