When a Taxpayer Rents a Residence for Part of the Year

question 1

Multiple Choice

When a taxpayer rents a residence for part of the year, the residence is not eligible as a qualified residence for the home mortgage interest expense deduction unless the taxpayer's:

• A) personal use of the home exceeds the taxpayer's rental use of the home.
• B) personal use of the home exceeds half of the taxpayer's rental use of the home.
• C) personal use of the home exceeds the lesser of 14 days or 10 percent of the taxpayer's rental use of the home.
• D) personal use of the home exceeds the greater of 14 days or 10 percent of the taxpayer's rental use of the home.