Question

Mowi owns a vacation villa in Belize. This year he used the villa for 25 days...

Mowi owns a vacation villa in Belize. This year he used the villa for 25 days and rented out the villa for 125 days earning $14,000 from the rentals. His total expenses for the year for the vacation home were: mortgage interest = $9,000; taxes = $4,000; utilities = $2,000; repairs and maintenance = $1,500; and depreciation = $12,000. Assuming the IRS method, how much can Mowi deduct for the expenses on Schedule E related to the villa? (Assume Mowi claims the standard deduction)

Mortage Interest -

Taxes -

Utilities -

Repairs and Maintenance -

Depreciation -

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