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57. Bob White owned a cabin in the Great Smoky Mountains. He used it for 16 days and rented it out for 190 days during

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57. Bob White owned a cabin in the Great Smoky Mountains. He used it for 16 days and rented it out for 190 days during the Toq 2 year. Which of the following is true? 180 a. All allocated expenses are deductible m ol (subject to the passive loss rules). b. Only allocated expenses up to gross rentals are deductible. c. The vacation home qualifies as a principal residence. d. All rentals are received tax free and no expenses, other than taxes and interest, are deductible

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