When allocating expenses of a vacation home between personal use and rental use, the amount of depreciation expense allocated to rental use is based on the number of rental days over rental days plus personal-use days.
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Q17: For tax purposes a dwelling unit is
Q18: When determining the number of days a
Q19: The tax law places a fixed dollar
Q20: A taxpayer may be required to include
Q21: Taxpayers who use a vacation home for
Q23: Under the tax law, a taxpayer's itemized
Q24: In terms of allocating expenses between rental
Q25: In certain circumstances, a taxpayer could rent
Q26: Taxpayers renting a home would generally report
Q27: Taxpayers with home offices who use the
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