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Matt and Marie own a vacation home at the beach. During the year, they rented the house for 42 days (6 weeks) at $890 per week and used it for personal use for 58 days. The total costs of maintaining the home are as follows: Mortgage interest $4,200 Property taxes 700 Insurance 1,200 Utilities 3,200 Repairs 1,900 Depreciation 5,500 Required: a. What is the proper tax treatment of this information on their tax return using the Tax Court method
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Matt and Marie own a vacation home at the beach. During the year, they rented the house for 42 days...
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