gabedafame26
30.03.2020 •
Business
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.
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Ответ:
Total loss = 3,592.1053
Explanation:
Given:
Income from rent (For 45 days) = $9,000
Personal use = 12 days
Mortgage = $8,000
Property taxes = $2,000
Utilities = $1,200
Maintenance = $750
Depreciation = $4,000
Computation:
Total Allocated expenses = 45 days / 57 days [$8,000 + $2,000 + $1,200 + $750 + $4,000]
Total Allocated expenses = 45 / 57 [15,950]
Total Allocated expenses = $12,592.1053
Total loss = Total Allocated expenses - Income from rent
Total loss = $12,592.1053 - $9,000
Total loss = 3,592.1053
Ответ: