Donald rents out his vacation home for 9 months and lives in his vacation home for the remainder of the year. His gross rental income for 2019 is $7,200. The expenses attributable to the vacation home for the entire year are as follows: $\begin{array}{lr}
\text { Real estate taxes } & \$ 2,000 \
\text { Interest on mortgage loan } & 4,000 \
\text { Utiliti es } & 1,200 \
\text { Repairs/maintenance } & 600 \
\text { Depreciation } & 3,500
\end{array}$ What amount would Donald report as net income or loss from the rental of the vacation home?

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The Answer of Donald rents out his vacation home for 9 months and lives in his vacation home for the remainder of the year. His gross rental income for 2019 is $7,200. The expenses attributable to the vacation home for the entire year are as follows: $\begin{array}{lr}
\text { Real estate taxes } & \$ 2,000 \
\text { Interest on mortgage loan } & 4,000 \
\text { Utiliti es } & 1,200 \
\text { Repairs/maintenance } & 600 \
\text { Depreciation } & 3,500
\end{array}$ What amount would Donald report as net income or loss from the rental of the vacation home?

Donald Rents Out His Vacation Home for 9 Months and Lives