Seo-yeon owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for tax purposes.   a. Seo-yeon lives in the condo for 35 days and rents it out for 30 days.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
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7.

Seo-yeon owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for tax purposes.

 

a. Seo-yeon lives in the condo for 35 days and rents it out for 30 days.

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