You interviewed a new client and these were the facts provided. Provide them with a briefexplanation of tax reason for each.

They own a vacation home that they used for $1$ week in April and $2$ weeks in mid$-$June. The

vacation home was rented out during the summer months from June $25$ through September

$25$ for $$5,000$ each month. The real estate taxes are $$6,800$ for the year, mortgage interest

of $$2,200,$ utilities are $$400$ a month and maintenance is $$200$ a month. The original cost of

the home was $$180,000$ and was depreciated for $5$ years already.