Which of the Following Statements Is Correct

question 55

Multiple Choice

Which of the following statements is correct?

• A)If a personal residence is rented for fewer than 15 days,the rent income is not included in gross income and no expenses can be deducted.
• B)If a personal residence is rented for more than 14 days,the rent income must be included in gross income and all the related expenses can be deducted.
• C)If a personal residence is rented for more than 14 days and the personal use days exceed 14 days and 10% of the rental days,the rent income must be included in gross income,but the expense deductions are limited to the amount of gross income.
• D)Only a.and b.
• E)Only a.and c.

---

Definitions:

Scholarly Researchers

Individuals engaging in systematic investigation to discover and interpret new knowledge, typically within an academic or professional context.

Conference Presentations

Public speeches or exhibitions of research findings to an audience at conferences.

Webinars

Online seminars or workshops that allow participants and presenters to interact and exchange information over the internet.

Publication

The act of making content available to the public, typically through books, journals, or online platforms.