...during the year. Her gross rental inc? Sherry rents her vacation home for 6 months and lives in it for 6 months during the year. Her gross rental income during the year is $4,000. Total real estate taxes for the home are $950, and interest on the home mortgage is $3000. Annual utilities and maintenance s expenses total $1,800, and depreciation expense is $4,500. Calculate Sherry’s net income from the vacation home for this tax year