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Question 12 2 pts The expenses associated with the California rental of a residence used for both personal and rental purposes are subject to three
Question 12 2 pts The expenses associated with the California rental of a residence used for both personal and rental purposes are subject to three possible tax treatments. Which of the following is not included in as one of the three? If the residence is rented for 15 days or more and is used for personal purposes for not more than 14 days or 10 percent of the days rented, which ever is greater, the residence is treated as a personal residence. 0 If the residence is rented for 15 days or more and is used for personal purposes for not more than 14 days or 10 percent of the days rented, whichever is greater, the residence is treated as rental. If the residence is rented for fewer than 15 days during the year, the rental period is disregarded and the residence is treated as a personal residence for tax purposes. If the residence is rented for 15 days or more and is used for personal purposes for not more than 14 days or 10 percent of the days rented, which ever is greater, the residence is treated as a personal residence for tax purposes
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