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Seo-yeon owns a condominium. In each of the following alternative situations, determine whether the condominium should be treated as a residence or a nonresidence for
Seo-yeon 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.
Required:
- Seo-yeon lives in the condo for 19 days and rents it out for 22 days.
- Seo-yeon lives in the condo for 8 days and rents it out for 9 days.
- Seo-yeon lives in the condo for 80 days and rents it out for 120 days.
- Seo-yeon lives in the condo for 30 days and rents it out for 320 days.
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