During the year,Rita rented her vacation home for twelve days for $2,400 and she used it personally for three months.The following expenses were incurred on the home:
Property taxes
$ 2,200
Mortgage interest
10,800
Utilities and maintenance
1,900
Depreciation
5,000
Insurance
900

Calculate her rental gain or loss and itemized deductions.

Question

During the year,Rita rented her vacation home for twelve days for $2,400 and she used it personally for three months.The following expenses were incurred on the home:
Property taxes
$ 2,200
Mortgage interest
10,800
Utilities and maintenance
1,900
Depreciation
5,000
Insurance
900
​
Calculate her rental gain or loss and itemized deductions.

Quizplus · Accepted Answer

The Answer of During the year,Rita rented her vacation home for twelve days for $2,400 and she used it personally for three months.The following expenses were incurred on the home:
Property taxes
$ 2,200
Mortgage interest
10,800
Utilities and maintenance
1,900
Depreciation
5,000
Insurance
900
​
Calculate her rental gain or loss and itemized deductions.

During the Year,Rita Rented Her Vacation Home for Twelve Days