Sherry rents her vacation home for 6 months and lives in it for six months during the year. Her gross rental income during the year is 6000

Sherry rents her vacation home for 6 months and lives in it for six months during the year. Her gross rental income during the year is 6000.Total real estate taxes for the home are 950.00 and interest on the home mortgage is 3000.00. Annual utilities and maintenance expenses total 1800 and depreciation expense is 4500.Calculate Sherry's net income or loss from the vacation home this tax year.

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Answer

Sherry's net income or loss from the vacation home this tax year

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