Roger rents his beach house for 90 days and uses it for personal use for 20 days
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Question:
Roger rents his beach house for 90 days and uses it for personal use for 20 days during the year. The rental income is $10,000 and the expenses are as follows:
Mortgage Interest $11,000
Telephone and utilities 1,500
Maintenance 2,500
Insurance 1,000
Real estate taxes 5,000
Depreciation (rental part) 2,000
Determine the total expenses that Roger can deduct on his tax return associated with his beach house using the IRS approach.
Expert Answer:
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