1. 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 22 days.
• Rented it to his favorite brother at a discount for 10 days.
• Rented it to his least favorite brother for 8 days at the full market rate.
• Rented it to his friend at a discounted rate for 4 days.
• Rented the home to third parties for 59 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 for 150 days during the year (in addition to the days mentioned above).

How many days of rental use did Junior experience on the property during the year?

2.Steve and Stephanie Pratt purchased a home in Spokane, Washington for $400,000. They moved into the home on February 1 of year 1. They lived in the home as their primary residence until June 30 of year 5, when they sold the home for $710,000. What amount of gain on the sale of the home are the Pratts required to include in taxable income?

3. Steve and Stephanie Pratt purchased a home in Spokane, Washington for $400,000. They moved into the home on February 1, of year 1. They lived in the home as their primary residence until November 1 of year 1 when they sold the home for $610,000. Assume the Pratts sell the home because Stephanies employer transfers her to an office in Utah. How much gain will the Pratts recognize on their home sale?