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Business, 18.10.2019 18:00 gaby6951

John owns a second home in palm springs, california. during the year he rented the home for $4,000 for 36 days and used the house for 14 days during the summer. the house remained vacant during the remainder of the year. the expenses for the home included $5,000 in mortgage interest, $600 in property taxes, $900 for utilities and maintenance, and $3, 500 of depreciation. what is john's deductible rental loss, before considering the passive loss limitations? $200 $875 $3, 200 $3, 500 $0

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John owns a second home in palm springs, california. during the year he rented the home for $4,000 f...

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