Several years ago, Chara acquired a home that she vacationed in part of the time and she rented part of the time. During the current year Chara:
-Personally stayed in the home for 14 days,
-Rented it at full fair market value to her parents for eight days,
-Rented it to her sister for five days at half price,
-Rented it to her friend at a discounted rate for three days,
-Rented it to another friend at fair market value for six days,
-Rented the home to third parties for 42 days at the market rate,
-Did repair and maintenance work for three days to keep the home ready for renters, and
-Marketed the property and made it available for rent for 120 days during the year even though it was not rented during this time.
How many days of personal use and how many days of rental use did Chara experience on the property during the year?

Question

Quizplus · Accepted Answer

The Answer of Several years ago, Chara acquired a home that she vacationed in part of the time and she rented part of the time. During the current year Chara:
-Personally stayed in the home for 14 days,
-Rented it at full fair market value to her parents for eight days,
-Rented it to her sister for five days at half price,
-Rented it to her friend at a discounted rate for three days,
-Rented it to another friend at fair market value for six days,
-Rented the home to third parties for 42 days at the market rate,
-Did repair and maintenance work for three days to keep the home ready for renters, and
-Marketed the property and made it available for rent for 120 days during the year even though it was not rented during this time.
How many days of personal use and how many days of rental use did Chara experience on the property during the year?

Several Years Ago, Chara Acquired a Home That She Vacationed