K owns a condominium in Vail.This year he rented it out for 210 days.During the year, K used the condo for personal purposes for the entire month of December.The activity is not treated as a rental activity for purposes of the passive loss rules.

Question

Quizplus · Accepted Answer

K used the condo for personal purposes for the entire month of December. The activity is not treated as a rental activity for purposes of the passive loss rules. So, K can deduct the rental income and expenses from the rental activity.

K Owns a Condominium in Vail