Multiple Choice
If a residence is used primarily for personal use (rented for fewer than 15 days per year) , which of the following is correct?
A) No income is included in AGI.
B) No expenses are deductible.
C) Expenses must be allocated between rental and personal use.
D) Only a. and b. are correct.
E) a., b., and c. are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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