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What is John deductible rental loss

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Reference no: EM132674676

Problem - John owns a second home in Palm Springs, CA. During the year, he rented the house for $5,000 for 56 days and used the house for 14 days during the summer. The house remained vacant during the remainder of the year. The expenses for the home included $5,000 in mortgage interest, $850 in property taxes, $900 for utilities and maintenance, and $3,500 of depreciation. What is John's deductible rental loss, before considering the passive loss limitations?

a. $200

b. $875

c. $2,500

d. $3,200

e. $0

Reference no: EM132674676

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