Trinity owns a vacation home in Gatlinburg, TN. During the year, he rented the vacation...
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Trinity owns a vacation home in Gatlinburg, TN. During the year, he rented the vacation home for 40 days and used it personally for 12 days. Rent income was $30,000. Expenses related to the vacation home were as follows: What is the effect on Trinity's adjusted gross income (AGI) (i.e., what net amount is reported on Schedule E)? ($4,600)$26,208$3,358$759
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Trinity owns a vacation home in Gatlinburg, TN. During the year, he rented the vacation home for 40 days and used it personally for 12 days. Rent income was $30,000. Expenses related to the vacation home were as follows: What is the effect on Trinity's adjusted gross income (AGI) (i.e., what net amount is reported on Schedule E)? ($4,600)$26,208$3,358$759 