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115) Meredith has a vacation rental house in the Sierra

Question : 115) Meredith has a vacation rental house in the Sierra : 2125624

115) Meredith has a vacation rental house in the Sierra Mountains. During the year, she and her immediate family used the house for 12 days for a personal vacation. Meredith spent two more weekends (4 days in total) repairing the deck. The house was rented for 120 days. How should the cabin be categorized this year for tax purposes? Explain your answer.

116) Meredith has a vacation rental house in the Sierra Mountains. During the year, she and her immediate family used the house for 12 days for a personal vacation. Meredith spent two more weekends (4 days in total) repairing the deck. Meredith also rented her house (at fair value) to her brother and his family for 9 days (in addition to her personal use). The house was rented for 180 days. How should the cabin be categorized this year for tax purposes? Explain your answer.

 

 

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