Business
Business, 15.10.2019 23:30, wcraig1998

Sarah owns a vacation cabin in the tennessee mountains. without considering the cabin, she has gross income of $65,000. during the year, she rents the cabin for two weeks for $2,500 and uses it herself for four weeks. the total expenses for the year are $10,000 mortgage interest; $1,500 property tax; $2,000 utilities, insurance, and maintenance; and $3,200 depreciation. if an amount is zero, enter "0".a. what effect does the rental of the vacation cabin have on sarah's agi? sarah reports rental income of ? and rental expenses of ? for agi. b. what expenses can sarah deduct, and how are they classified (i. e., for or from agi)?

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Sarah owns a vacation cabin in the tennessee mountains. without considering the cabin, she has gross...

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