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Lauren owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for

Lauren owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for tax purposes.

b. Lauren lives in the condo for 11 days and rents it out for 16 days.

Residence

Nonresident

Lauren owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for tax purposes.

c. Lauren lives in the condo for 66 days and rents it out for 92 days.

  • Residence

  • Nonresidence

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