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 16 days.

Rented it to his favorite brother at a discount for 27 days.

Rented it to his least favorite brother for fourteen 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 77 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 140 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?

Explanation / Answer

Junior has 67 days of personal use and 80 days of rental use. Personal use days include the 16 days used personally, the combined 41 days rented to relatives, and the 10 days rented out at a discount. The rental days include the 77 days rented out to third parties at the market rate and the 3 days for repairs and maintenance

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