Question
Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current
Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior: |
Personally stayed in the home for 17 days. |
Rented it to his favorite brother at a discount for 23 days. |
Rented it to his least favorite brother for nine days at the full market rate. |
Rented it to his friend at a discounted rate for ten days. |
Rented the home to third parties for 50 days at the market rate. |
Did repair and maintenance work on the home for three days. |
Marketed the property and made it available for rent for 204 days during the year (in addition to the days mentioned above). |
How many days of personal use and how many days of rental use did Junior experience on the property during the year? |
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