Which of the following statements is not true about vacation home properties?
A)Property rented for 15 days or more and used for personal use for 14 days or less would be categorized as primarily rental
B)A property rented for 15 days or more and used for personal use for more than 14 days would be categorized as personal/rental
C)A property categorized as primarily personal is rented for 0 days
D)A primarily personal property does not need to report the income from the property

Question

Quizplus · Accepted Answer

A primarily personal property can be rented for up to 14 days without reporting the income, not necessarily 0 days.

Which of the Following Statements Is Not True About Vacation