Question: PI:6-54 (book/static) * Question Help 0 During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii: (Click the icon to

 PI:6-54 (book/static) * Question Help 0 During 2018, Kim incurs the

PI:6-54 (book/static) * Question Help 0 During 2018, Kim incurs the following expenses with respect to her beachfront condominium in Hawaii: (Click the icon to view the data.) During 2018, 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. Read the requirements. Requirement a. What are the total amounts of deductions for and from AGI that Kim may take during 2018 with respect to the condominium using the IRS allocation method? (For purposes of this problem, use the allocation formula set forth by Sec. 280A. Enter "O for zero amounts.) Item For AGI From AGI More Info Insurance Requirements Repairs and maintenance Interest on mortgage Property taxes Utilities Expense Item Amount a. $ 500 What are the total amounts of deductions for and from AGI that Kim may take during 2018 with respect to the condominium using the IRS allocation method? What is the effect on the basis of the condominium? 700 b. Depreciation 3,000 Insurance Repairs and maintenance Interest on mortgage Property taxes Utilities Depreciation Total deductions 1,000 Print Done 800 8,000 Done

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