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:
Mortgage interest
$9,000
Real estate taxes
3,000
Utilities
2,000
Maintenance
1,000
Insurance
500
Depreciation (rental part)
4,000

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:
Mortgage interest
$9,000
Real estate taxes
3,000
Utilities
2,000
Maintenance
1,000
Insurance
500
Depreciation (rental part)
4,000
​
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 expenses that are ordinary and necessary for the production of rental income. In this case, the expenses that are deductible include mortgage interest, real estate taxes, utilities, maintenance, insurance, and depreciation.

Robyn Rents Her Beach House for 60 Days and Uses