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Randolph and Tammy own a second home. They spent 45 days there and rented it for 88 days at $150 per day during the year.

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Randolph and Tammy own a second home. They spent 45 days there and rented it for 88 days at $150 per day during the year. The total costs relating to the home include the following: What is the proper treatment of these items relating to the second home? Would you use the Tax Court allocation or the IRS allocation? Explain

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