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Chris, who itemizes deductions, owns two homes. The first is their principal residence, where they live most of the year. The second is a vacation
Chris, who itemizes deductions, owns two homes. The first is their principal residence, where they live most of the year. The second is a vacation home. In 2022, Chris rented the vacation home at fair market value to unrelated parties for a total of 160 days. Chris stayed in the vacation home for 15 days in 2022. Is the vacation home a "qualified residence" under Section 163(h)(4)(A)(i)?
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Under Section 163h4Ai of the Internal Revenue Code a qualified residence is defined as a taxpayers p...
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Taxation For Decision Makers 2019
Authors: Shirley Dennis Escoffier, Karen A. Fortin
9th Edition
1119497280, 978-1-119-4972, 1119497221, 9781119497226, 978-1119497288
