Several years ago, Junior acquired a home that he vacationed in part of the time

Question

Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior:

  

• Personally stayed in the home for 17 days.

• Rented it to his favorite brother at a discount for 23 days.

• Rented it to his least favorite brother for nine days at the full market rate.

• Rented it to his friend at a discounted rate for ten days.

• Rented the home to third parties for 50 days at the market rate.

• Did repair and maintenance work on the home for three days.

• Marketed the property and made it available for rent for 204 days during the year (in addition to the days
  mentioned above).

   

How many days of personal use and how many days of rental use did Junior experience on the property during the year?

Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior:

Explanation / Answer

Personal use = 59 days

Rental use = 53 days

Calculation shown below:

Personal Use Rental Use Personal stay 17 Rented to favourite broter at discount 23 Rented to least favourite broter at full market rate 9 Rented to friend at discount 10 Rented to third parties 50 Repair and maintenance work 3 Total 59 53

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