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Meredith Has a Vacation Rental House in the Sierra Mountains

Question 118

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Meredith has a vacation rental house in the Sierra Mountains.During the year,she and her immediate family used the house for 12 days for a personal vacation.Meredith spent two more weekends (4 days in total)repairing the deck.Meredith also rented her house (at fair value)to her brother and his family for 9 days (in addition to her personal use).The house was rented for 180 days.How should the cabin be categorized this year for tax purposes? Explain your answer.

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The cabin is categorized as personal/ren...

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