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Brett owns a vacation rental condominium. For purposes of computing applicable rental expenses, which of the following is incorrect ? a) Brett used the house
Brett owns a vacation rental condominium. For purposes of computing applicable rental expenses, which of the following is incorrect?
a) Brett used the house for one day but received a fair rental price. This is a day of rental use.
b) Brett spent a week between rentals repairing the property. This is a week of personal use.
c) Brett's son used the unit for one week free. This is personal use.
d) Only actual days for which a fair rental is received are days of rental use.
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