Answered

A married couple has a vacation home that they rent out to seasonal tourists for several months out of the year. Some of their vacation property expenses may be tax deductible if they do not personally use the property more than ______

Answer :

fatimakincsem

The correct answer would be, 14 Days.

Some of their vacation property expenses may be tax deductible if they do not personally use the property more than 14 Days.

Explanation:

Tax Deductible is the amount that an income or property holder has to pay especially these are expenses incurred in case of an extra income.

If someone has a property, which he gives on rent, and does not live in there more than 14 days in a year, then the property holder has to pay tax on the income generated due to renting out his property.

If the property holder live in his property for more than 14 days in a year, then this expense might be exempted and there will be no need to pay the tax deductible.

Learn more about Tax Deductions at:

https://brainly.com/question/2503509

#LearnWithBrainly

Other Questions