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Tboogie2037
Tboogie2037
24.04.2021 • 
Business

Which of the following statements regarding personal and/or rental use of a home is false? Multiple Choice A day for which a taxpayer rents a home to an unrelated party for less than the property's fair market value is considered to be a personal-use day. A day for which a taxpayer rents a home to a relative for full fair market value is considered to be a rental use day (home is not the relative’s principal residence). A day for which an unrelated nonowner stays in the home under a vacation exchange arrangement is considered to be a personal-use day. A day for which the home is available for rent but is not occupied does not count as a personal-use or a rental use day.

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