Nick owns a home in Daytona Beach, Florida where his wife and children live.He recently accepted a full-time job in Tampa.During the week, Nick lives in a rental apartment in Tampa and on weekends he drives home to be with his family in Daytona Beach.If Nick continues to maintain and pay all of the expenses of the residence in Daytona, where is Nick's tax home?

Question

Quizplus · Accepted Answer

Nick's tax home is in Tampa because it is the city where his primary place of business or employment is located, despite his family living in Daytona Beach.

Nick Owns a Home in Daytona Beach, Florida Where His