Answer Happy

Required information The following information applies to the questions displayed below) Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland He resided in the home for the remainder of the year Rental income from the property was $5,200 Expenses associated with use of the home for the entire year were as follows Heal property taxes Mortgage interest Repairs Insurance utilities Depreciation $ 2,550 10,275 1.075 1.210 3,640 10,400 .. What effect does the rental have on Dillon's AGI? Eftally DAGE
Required information [The following information applies to the questions displayed below) Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland. He resided in the home for the remainder of the year Rental income from the property was $5,200 Expenses associated with use of the home for the entire year were as follows al property taxes Harte interest Bepairs Indurance utilities Depreciation $ 2,50 10,095 1,075 1,210 3.64 10,400 b. What effect does the rental have on Dillon's itemized deductions (assuming he itemizes deductions before considering deductions associated with the home)? Hemizable rat property taxes Hamathe mortgage interest