1. Glenn, Gaytor's brother, owns a lake home (vacation home). During the year he rented the home for $4,000 for 2 weeks, lived in the home for 3 months, and left the home vacant during the remainder of the year. The expenses for the lake home included $15,000 in mortgage interest, $7,000 in property taxes, $12,100 in utilities and maintenance, and $13,000 in depreciation.

   Is this home used primarily for personal use, rental use, or a combination? What income does he need to report, and what deductions can he claim? What are examples of specific changes that would make this fit into each of the other two categories?,