Determine the effect on adelene agi

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Question - Adelene, who lives in a winter resort area, rented her personal residence for 14 days while she was visiting Brussels. Rent income was $5000. Related expenses for the year were as follows:

Real property taxes $3,800

Mortgage interest 7,500

Utilities 3,700

Insurance 2,500

Repairs 2,100

Depreciation 15,000

Determine the effect on Adelene's AGI.

Reference no: EM131903606

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