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 2016 is $7,200. The expenses attributable to the vacation home for the entire year are as follows:
What amount would Donald report as net income or loss from the rental of the vacation home?

Question

Quizplus · Accepted Answer

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 2016 is $7,200. The expenses attributable to the vacation home for the entire year are as follows:
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