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Tax effect of rental use

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Reference no: EM1310238

Kristen rented out her home for 15 days during the year for $3,200. She used the home for personal purposes for the other 350 days. She allocated the following home expenses to the rental use of the home:

Insurance = $ 50
Mortgage Interest = 500
Property Taxes = 180
Repairs and maintenance = 1,970
Utilities      = 200
Depreciation = 600

Kristen's AGI is $120,000 before considering the effect of the rental activity. What is Kristen's AGI after considering the tax effect of the rental use of her home?

Reference no: EM1310238

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