How much rental expense can sam deduct for the villa

Reference no: EM131973986

Problem

Sam owns a vacation villa in Hawaii. This year he used the villa for 10 days and rented out the villa for 150 days earning $28,000 from the rentals. His total expenses for the year for the vacation home were as follows: mortgage interest = $10,000; taxes = $6,000 utilities = $8,000 repairs and maintenance = $6,000 depreciation = $18,000. How much rental expense can Sam deduct for the villa?

Reference no: EM131973986

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