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Taxation of individuals Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time.

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Taxation of individuals

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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 32 days. points . Rented it to his favorite brother at a discount for 17 days. Rented it to his least favorite brother for 17 days at the full market rate. Rented it to his friend at a discounted rate for 11 days. eBook Rented the home to third parties for 60 days at the market rate. Hint Did repair and maintenance work on the home for 3 days.! | . Marketed the property and made it available for rent 217 days (but not actually rented out), during the year (in addition to the days Print mentioned above). References How many days of personal use and how many days of rental use did Junior experience on the property during the year? Days of personal use Days of rental use

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