When a taxpayer rents a residence for part of the year,the residence is not eligible as a qualified residence for the home mortgage interest expense deduction unless the taxpayer's:

Question

Quizplus · Accepted Answer

According to the IRS, the residence can be treated as a qualified residence and the taxpayer can deduct the home mortgage interest if they use the property for personal use for more than 14 days or more than 10% of the number of days the property is rented, whichever is greater. Therefore, option D is the correct choice.

When a Taxpayer Rents a Residence for Part of the Year,the