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