Mario Owns a Home in Park City,Utah,that He Rented for $1,600

Multiple Choice

Mario owns a home in Park City,Utah,that he rented for $1,600 for three weeks during the summer.He lived there for a total of 120 days and the rest of the year the house was vacant.The expenses for the home included $6,000 in mortgage interest,$900 in property taxes,$1,300 in maintenance and utilities,and $3,500 in depreciation.How much net rental income or loss from the Park City home would Mario report for the current year? Use the IRS method for allocating expenses.

A) $0
B) $1,600 net income
C) $9,100 net loss
D) $6,000 net loss