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Question - In the current year, Sandra rented her vacation home for 75 days, used it for personal use for 22 days, and left it vacant for the remainder of the year. Her income and expenses before allocation are as follows:
Rental income $13,200
Real estate taxes 1,800
Utilities 1,800
Mortgage interest 3,800
Depreciation 6,600
Repairs and maintenance 990
Required - What is Sandra's net income or loss from the rental of her vacation home? Use the Tax Court method.
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