1. Marie purchased a rental house on March 1 of last year. It was vacant when she bought it. She decided to paint the interior and install new carpeting before showing the property to potential tenants. The work was completed on April 11. That same day, Marie put out a vacancy sign and began showing the property to prospective tenants. She received a signed lease from a new tenant on May 28, and the tenant moved in on June 1. For depreciation purposes, what is the date Marie placed this rental property in service? March 1, April 11, May 28, June 1.

2. Which of the following clients is NOT required to meet the exclusive-use test to deduct business-use-of-home expenses?

A. Architect with his office and living room combined with no space identified as an office.

B. Cosmetics salesperson using her home to store product samples and inventory.

C. Daycare provider using the entire home for daycare purposes; state certification requirements have not been met.

D. An attorney with her office and guest bedroom combined, with no space identified as an office.

3. In order for a dwelling unit to be considered a residence, it must be used personally for a certain amount of time. Which statement best describes the time requirement?

A. Used by a third party no more than the greater of 182 days or 50% of the days used personally.

B. Rented out for the lesser of 30 days or 10% of the total number of days the property is rented at fair rental value.

C. Used for personal purposes during the tax year for more than the greater of 14 days or 10% of the total number of days the property is rented at fair rental value. Rented to a third party at fair rental value for 15 days or more.