What is the IRS method of allocating expenses between rental use and personal us

Question

What is the IRS method of allocating expenses between rental use and personal use? O All expenses allocated as a percentage of rental-use days to total days owned AI oxpenses allocated as a percentage of rental-use days to total days used O Mortpage interest mortgage imsurance premiums, real estate taxes, and casusality losses alliocsted as a peroentage of rentai-une O Mortgage interest and real estate taxes allocated as percentage of rental-use days to total days used days to total days MMark for foiow u

Explanation / Answer

Solution: Mortgage interest and real estate taxes allocated as percentage of rental-use days to total days used.

Explanation: The IRS method for allocating expenses between personal and rental use will use an allocation of between the total number of days the unit was in usage during the year and the rental-use days

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