Please help me answer the following questions in correspondence with 2016 tax la
ID: 2457071 • Letter: P
Question
Please help me answer the following questions in correspondence with 2016 tax laws:
Select whether the property would be deemed Personal, Significant Rental Use or Rental property in each of the following scenarios.
Rental of 50 days, Personal use if 10 days = ?
Rental of 200 days, Personal use of 19 days = ?
Rented for 10 days, Peronal use 30 days = ?
Rental for 50 days, Personal use of 50 days = ?
Rental for 14 days, Personal use 350 days = ?
Rental for 20 days, Personal use of 15 days = ?
Rental of 50 days, Personal use if 10 days = ?
Rental of 200 days, Personal use of 19 days = ?
Rented for 10 days, Peronal use 30 days = ?
Rental for 50 days, Personal use of 50 days = ?
Rental for 14 days, Personal use 350 days = ?
Rental for 20 days, Personal use of 15 days = ?
Explanation / Answer
Rental of 50 days, personal use iif 10 days - Rental
Rental 200 days , personal use of 19 days - Significant Rental use
Rented for 10 days, personal use 30 days - Personal
Rented for 50 days , personal use 50 days - Significant Rental use
Rental for 14 days , personal use 350 days - Personal
Rented for 20 days , personal use of 15 days - Significant Rental use
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