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:
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: 
Using the IRS approach, total expenses that Robyn can deduct on her tax return associated with the beach house are:

Quizplus · Accepted Answer

According to the IRS approach for rental properties used for personal purposes, Robyn needs to allocate the expenses between personal and rental use based on the number of days. 
- For rental days: expenses can be deducted up to the rental income amount, which is $6,000 in this case.
- For personal days: expenses cannot be deducted.

Total expenses:

Expenses for rental days = $10,000
Expenses for personal days = $0
Total expenses = $10,000
Deductible expenses = $6,000 (rental income)
Non-deductible expenses = $4,000

Therefore, the total expenses that Robyn can deduct on her tax return associated with the beach house are $6,000.

Robyn Rents Her Beach House for 60 Days and Uses