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 total expenses that Robyn can deduct on her tax return associated with the beach house are $12,000. This is because the IRS allows her to deduct all of the expenses that are directly related to the rental of the property, including mortgage interest, real estate taxes, utilities, maintenance, insurance, and depreciation.

Robyn Rents Her Beach House for 60 Days and Uses