Elizabeth rented her personal residence for 12 days to summer vacationers for $4,800. Rest of the year, she and her family used the home as their personal residence. She has AGI of $105,000, excluding the rental income. Related expenses for Elizabeth's personal residence for the year include the following: What is Elizabeth's AGI after taking into consideration the rental income and related expenses for her home?

Question

Elizabeth rented her personal residence for 12 days to summer vacationers for $4,800. Rest of the year, she and her family used the home as their personal residence. She has AGI of $105,000, excluding the rental income. Related expenses for Elizabeth's personal residence for the year include the following:  What is Elizabeth's AGI after taking into consideration the rental income and related expenses for her home?

Quizplus · Accepted Answer

The Answer of Elizabeth rented her personal residence for 12 days to summer vacationers for $4,800. Rest of the year, she and her family used the home as their personal residence. She has AGI of $105,000, excluding the rental income. Related expenses for Elizabeth's personal residence for the year include the following:  What is Elizabeth's AGI after taking into consideration the rental income and related expenses for her home?

Elizabeth Rented Her Personal Residence for 12 Days to Summer