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Question :
Robby owns a small condo near the beach. During the year, the home was used as follows-
The expenses relating to this home were as follows-
Evaluate the amount & character of Robby's deductions for this vacation home considering the cost allocation method that the IRS prefers is used.
1. ___ Robby's deduction for AGI is -
2. ___ The amount that Robby can take as an itemized deduction is -
A. $9,000
B. $24,337
C. $27,000
D. $0
E. $18,000
F. $16,200
G. $10,800
H. None of the other answers is correct
I. $40,500
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