Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior: Personally stayed in the home for 29 days. Rented it to his favorite brother at a discount for 35 days. Rented it to his least favorite brother for 9 days at the full market rate. Rented it to his friend at a discounted rate for 13 days. Rented the home to third parties for 75 days at the market rate. Did repair and maintenance work on the home for 2 days. Marketed the property and made it available for rent 166 days (but not actually rented out), during the year (in addition to the days mentioned above). How many days of personal use and how many days of rental use did Junior experience on the property during the year? Days of personal use Days of rental use
Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior: Personally stayed in the home for 29 days. Rented it to his favorite brother at a discount for 35 days. Rented it to his least favorite brother for 9 days at the full market rate. Rented it to his friend at a discounted rate for 13 days. Rented the home to third parties for 75 days at the market rate. Did repair and maintenance work on the home for 2 days. Marketed the property and made it available for rent 166 days (but not actually rented out), during the year (in addition to the days mentioned above). How many days of personal use and how many days of rental use did Junior experience on the property during the year? Days of personal use Days of rental use
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 6CPA
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Question
![Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current
year Junior:
Personally stayed in the home for 29 days.
Rented it to his favorite brother at a discount for 35 days.
Rented it to his least favorite brother for 9 days at the full market rate.
Rented it to his friend at a discounted rate for 13 days.
Rented the home to third parties for 75 days at the market rate.
Did repair and maintenance work on the home for 2 days.
Marketed the property and made it available for rent 166 days (but not actually rented out), during the year (in addition to the days
mentioned above).
How many days of personal use and how many days of rental use did Junior experience on the property during the year?
Days of personal use
Days of rental use](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22f526a8-e0f8-4bb9-9006-282e07b4bb98%2F59fc225b-f4f4-4680-8ad2-168a4d6e3b03%2F9kwzqy_processed.png&w=3840&q=75)
Transcribed Image Text:Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current
year Junior:
Personally stayed in the home for 29 days.
Rented it to his favorite brother at a discount for 35 days.
Rented it to his least favorite brother for 9 days at the full market rate.
Rented it to his friend at a discounted rate for 13 days.
Rented the home to third parties for 75 days at the market rate.
Did repair and maintenance work on the home for 2 days.
Marketed the property and made it available for rent 166 days (but not actually rented out), during the year (in addition to the days
mentioned above).
How many days of personal use and how many days of rental use did Junior experience on the property during the year?
Days of personal use
Days of rental use
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