Each of the following individuals purchased their property five years ago with the intention of using it as a vacation home. They have all rented out their property during periods when they could not get away. Which taxpayer has taxable income from renting their property in the current year?

Austin. His beachfront condominium was not used for personal purposes at any time during the year. He rented the property to a co-worker at fair rental value for 10 days.

Catelyn. She used her lakefront cabin personally for 10 days. She rented the property at fair rental value for 12 days using an online platform. She received a Form 1099-K, Payment Card and Third Party Network Transactions, reporting a gross payment amount of more than $600.

Colin. He used his mountain lodge personally for 32 days and allowed his brother to stay there rent-free for 10 days.

Daphne. She used her oceanside cottage personally for 35 days and rented it to a friend for 14 days at fair rental value.