GROUP 5: CUMULATIVE SOFTWARE PROBLEM 1The following additional information is available for the Albert and...
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GROUP 5: CUMULATIVE SOFTWARE PROBLEM 1The following additional information is available for the Albert and Alison Gaytr family The Gaytors own a rental beach house in Hawail. The beach house was rented for the full year during 2016 and was not used by the Gaytors during the year. The Gaytors were active participants in the management of the rental house. Pertinent information about the rental house is as follows: Address: 1237 Pineapple St., Lihue, HI 96766 Net rental income Mortgage interest Real estate taxes Utilities Maintenance $20,650 7,900 2,300 2,125 2,900 The house is fully depreciated so there is no depreciation expense
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