Which of the Following Statements Regarding Personal And/or Rental Use

question 82

Multiple Choice

Which of the following statements regarding personal and/or rental use of a home is false?

• A)A day for which a taxpayer rents a home to an unrelated party for less than the property's fair market value is considered to be a personal-use day.
• B)A day for which a taxpayer rents a home to a relative for full fair market value is considered to be a rental use day (home is not the relative's principal residence).
• C)A day for which an unrelated nonowner stays in the home under a vacation exchange arrangement is considered to be a personal-use day.
• D)A day for which the home is available for rent but is not occupied does not count as a personal-use or a rental use day.

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Definitions:

Tom Regan

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The process by which a patient or participant gives permission for a medical procedure or participation in research after being informed of the risks, benefits, and alternatives.

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The ability and right of individuals to make their own choices and decisions, free from external control or constraint.

Captive Populations

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