Robyn rents her beach house for 60 days and uses it for personal use for 30 days during the year. The rental income is $6,000 and the expenses are as follows: $$\begin{array} { l r }
\text { Mortgage interest } & \$ 9,000 \
\text { Real estate taxes } & 3,000 \
\text { Utilities } & 2,000 \
\text { Maintenance } & 1,000 \
\text { Insurance } & 500 \
\text { Depreciation (rental part) } & 4,000
\end{array}$$ Using the IRS approach, total expenses that Robyn can deduct on her tax return associated with the beach house are:

Question

Robyn rents her beach house for 60 days and uses it for personal use for 30 days during the year. The rental income is $6,000 and the expenses are as follows: $$\begin{array} { l r } 
\text { Mortgage interest } & \$ 9,000 \
\text { Real estate taxes } & 3,000 \
\text { Utilities } & 2,000 \
\text { Maintenance } & 1,000 \
\text { Insurance } & 500 \
\text { Depreciation (rental part) } & 4,000
\end{array}$$ Using the IRS approach, total expenses that Robyn can deduct on her tax return associated with the beach house are:

Quizplus · Accepted Answer

The IRS approach allows Robyn to deduct expenses related to the rental portion of the beach house. Since she rented it for 60 days and used it personally for 30 days, she can deduct 60/90 of the expenses. 60/90 * ($9,000 + $3,000 + $2,000 + $1,000 + $500 + $4,000) = $12,000.

Robyn Rents Her Beach House for 60 Days and Uses