During 2019, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii Expense Items Amount Insurance $ 500 Repairs and maintenance 700 Interest on mortgage 3,000 Properry taxes 1,000 Utilities 800 Depreciation $8,000 During 2019, Kim used the condominium 20 days for va...

For 2019 Kims vacation homes tax treatment is considered mixed personal and rental category 2 becaus ...

During 2019, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii: Expense Items

Question:

During 2019, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii:

Expense Items	Amount
Insurance	$ 500
Repairs and maintenance	700
Interest on mortgage	3,000
Properry taxes	1,000
Utilities	800
Depreciation	$8,000

During 2019, Kim used the condominium 20 days for vacation. She rented it out for a total of 60 days, generating a total gross income of $9,100.
a. What are the total amounts of deductions for and From ACI mac Kim may take during 2019 with respect to the condominium using the IRS allocation method?

b. What is the effect on the basis of the condominium?

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