Careen owns a condominium near Newport Beach in California. This year, she incurs the following expenses in connection with her condo: (Round your intermediate and final answer to whole number.)
During the year, Careen rented the condo for 90 days, receiving $20,000 of gross income. She personally used the condo for 50 days. Careen itemizes deductions, and the sum of her itemized deduction for non-home business taxes and the real property taxes allocated to business use of the home is less than $10,000. Assume Careen uses the IRS method of allocating expenses to rental use of the property. What is Careen's net rental income for the year?

Question

Careen owns a condominium near Newport Beach in California. This year, she incurs the following expenses in connection with her condo: (Round your intermediate and final answer to whole number.)
  During the year, Careen rented the condo for 90 days, receiving $20,000 of gross income. She personally used the condo for 50 days. Careen itemizes deductions, and the sum of her itemized deduction for non-home business taxes and the real property taxes allocated to business use of the home is less than $10,000. Assume Careen uses the IRS method of allocating expenses to rental use of the property. What is Careen's net rental income for the year?

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The Answer of Careen owns a condominium near Newport Beach in California. This year, she incurs the following expenses in connection with her condo: (Round your intermediate and final answer to whole number.)
  During the year, Careen rented the condo for 90 days, receiving $20,000 of gross income. She personally used the condo for 50 days. Careen itemizes deductions, and the sum of her itemized deduction for non-home business taxes and the real property taxes allocated to business use of the home is less than $10,000. Assume Careen uses the IRS method of allocating expenses to rental use of the property. What is Careen's net rental income for the year?

Careen Owns a Condominium near Newport Beach in California