Question: Melissa ( single , age 6 6 ) has a beach house which she rents out for 1 2 0 days out of the year.

Melissa (single, age 66) has a beach house which she rents out for 120 days out of the year. She also stays in the house herself for 30 days every year. Melissa still works and earns $50,000 a year. She also made $12,000 from renting out the beach house this year. Expenses related to the beach house are as follows:
Mortgage interest $9,000
Property taxes $5,000
Utilities $3,000
Maintenance $2,500
Insurance $1,000
Depreciation $8,500
Given only the information in this problem, calculate 1. the amounts and types of deductions available to Melissa from the beach house and 2. Melissas taxable income for 2024.

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