Jeanette owns a rental property that she used for 20 days and rented for 80 days. The rental income was $5,000 and expenses included the following; mortgage interest $2,500; property tax $1,500; insurance and repairs $1,000 and depreciation $2,000. 

Calculate the net rental income, using the Tax Court Method.  

Answer rating: 100% (QA)

To calculate the net rental income using the Tax Court Method we need to determine whether the renta... View the full answer