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Rayleen Owns a Condominium near Orlando, Florida During the Year, Rayleen Rented the Condo for 130 Days

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Rayleen owns a condominium near Orlando, Florida. This year, she incurs the following expenses in connection with her condo:  Plumbing tools and supplies $1,300 Rent on Scott’s plumbing shop 6,250 Transportation between Scott’s shop and various job sites 500 Plumber’s unitom 50 Plumbing truck rental 7,200 Self employment tax (1/2 is employer share) 400\begin{array} { | l | r | } \hline \text { Plumbing tools and supplies } & \$ 1,300 \\\hline \text { Rent on Scott's plumbing shop } & 6,250 \\\hline \text { Transportation between Scott's shop and various job sites } & 500 \\\hline \text { Plumber's unitom } & 50 \\\hline \text { Plumbing truck rental } & 7,200 \\\hline \text { Self employment tax (1/2 is employer share) } & 400 \\\hline\end{array} During the year, Rayleen rented the condo for 130 days and she received $25,000 of rental receipts. She did not use the condo at all for personal purposes during the year. Rayleen is considered to be an active participant in the property. Rayleen's AGI from all sources other than the rental property is $130,000. Rayleen does not have passive income from any other sources. What is Rayleen's AGI?

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$132,550
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