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What is the net rental income includible in AGI

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Question - Alice rented her personal residence for 12 days to summer vacationers for $3,400. She has AGI of $91,000 before the rental income. Related expenses for the year include the following: Real property taxes $3,640 Utilities 5,250 Insurance 600 Mortgage interest 6,400 Repairs 520 Depreciation 12,000.

a. What is the net rental income includible in AGI?

b. Is mortgage interest and property taxes deductible on Schedule A?

Reference no: EM132497434

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