Problem 14-57 (LO 14-5) (Algo) Dillon rented his personal residence at Lake Tahoe for 14 days...

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Problem 14-57 (LO 14-5) (Algo) 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 $6,200. Expenses associated with use of the home for the entire year were as follows: Real property taxes Mortgage interest Repairs Insurance Utilities Depreciation $ 3,050 12,125 1,325 1,510 5,040 12,400 Required: a. What effect does the rental have on Dillon's AGI? b. What effect does the rental have on Dillon's itemized deductions (assuming he itemizes deductions before considering deductions associated with the home)? Complete this question by entering your answers in the tabs below. Problem 14-57 (LO 14-5) (Algo) 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 $6,200. Expenses associated with use of the home for the entire year were as follows: Real property taxes Mortgage interest Repairs Insurance Utilities Depreciation $ 3,050 12,125 1,325 1,510 5,040 12,400 Required: a. What effect does the rental have on Dillon's AGI? b. What effect does the rental have on Dillon's itemized deductions (assuming he itemizes deductions before considering deductions associated with the home)? Complete this question by entering your answers in the tabs below.