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What is sandra net income or loss from the rental

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Question - In the current year, Sandra rented her vacation home for 75 days, used it for personal use for 22 days, and left it vacant for the remainder of the year. Her income and expenses before allocation are as follows:

Rental income 16,500

Real estate taxes 2,900

Utilities 2,625

Mortgage interest 4,900

Depreciation 7,800

Repairs and maintenance 1,320

Required - What is Sandra's net income or loss from the rental of her vacation home? Use the Tax Court method.

Reference no: EM133026404

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