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Joan owns and rents a cabin near a local ski resort. Her family used the...

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Accounting

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Joan owns and rents a cabin near a local ski resort. Her family used the cabin for 40 days and rents the cabin for 60 days. It generates $13,000 of income. She has the following expenses (use 365 days for the year): $2,500 Property Taxes Mortgage Interest $5,000 Utilities $1,200 Insurance $500 Yard maintenance $1,500 Depreciation if property was 100% business $14,000 What is her total for AGI deduction related to the rental property? (Assume she wants to show a profit and does not want a loss.)

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