Question 14 of 15.

Eric purchased a vacation house on February 27, 2019. During 2020, he spent 29 days there, and rented it at fair rental price for 137 days. The house was vacant for the remainder of the year. If Eric uses the Tax Court method, what is the applicable percentage he should use for deducting mortgage interest and real estate tax expenses on his Schedule E?

17.47%

37.43%

62.47%

82.53%