Reference no: EM132577034
Question 1: Jerry owns a condo at a ski resort. He places the condo in a rental pool managed by the resort when he and his family are not using it. During 2019 they reported the following:
Personal use days.........................................62
Rental days....................................................34
Rental income................................................7,600
Property taxes...............................................9,800
Mortgage interest........................................5,600
Utilities and maintenance..........................3,600
Using the Bolton allocation, what is reported...
Schedule E Schedule A Totals
Rental income
Property tax
Mortgage interest
Utilities and maintenance