A property that has been rented for 120 days and used for personal use for 13 days should be categorized as:
A)Primarily rental
B)Primarily personal
C)Personal/rental
D)None of these

Question

Quizplus · Accepted Answer

A property is considered "Primarily rental" if it is rented out for more than 14 days in a year and the personal use does not exceed the greater of 14 days or 10% of the total days it was rented. Since the property was rented for 120 days and used for personal purposes for 13 days, it falls under the "Primarily rental" category.

A Property That Has Been Rented for 120 Days and Used