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2. Rod and Luanne are considering converting the rental of their vacation home to a business activity. Given the following information, demonstrate whether they should
2. Rod and Luanne are considering converting the rental of their vacation home to a business activity. Given the following information, demonstrate whether they should conduct the rental activity as primary personal or as a business activity: The home was rented to friends for 12 days during the year for $5,000 b. The annual utility bill for the home was $1,350, Property taxes for the year total $1,200, d. Interest paid on the home mortgage for the year totals $2,800, a. e
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