Business
Business, 30.03.2020 22:06, cartertyson499

Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for 45 days for $9,000 and used it for 12 days for personal use. The house remained vacant for the remainder of the year. The expenses for the house included $8,000 in mortgage interest, $2,000 in property taxes, $1,200 in utilities, $750 in maintenance, and $4,000 in depreciation. What is their net income or loss from their cabin rental (without considering the passive loss limitation)? Use the IRS method for allocation of expenses.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, jluckie080117
In business, what would be the input, conversion and output of operating a summer band camp
Answers: 1
image
Business, 21.06.2019 22:10, gagem1278
Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?
Answers: 3
image
Business, 22.06.2019 02:30, raulramirez01
Acompany factory is considered which type of resource a. land b. physical capital c. labor d. human capital
Answers: 2
image
Business, 22.06.2019 12:20, mxrvin4977
In terms of precent, beer has more alcohol than whiskey true or false
Answers: 1
Do you know the correct answer?
Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for 45 days for...

Questions in other subjects: