Question

Selma owns a beach cottage that she rents to tourists. In the current year she rented the cottage for 90 days. What is the maximum number of days Selma can use the cottage before her expense deduction will be limited to her gross rental income?

(A) 0 days
(B) 9 days
(C) 14 days
(D) 18 days

Answer 1

Answer:

correct answer is option (B) 9 days

Explanation:

given data

rent cottage = 90 days

solution

When  assets and anything that is on rent in that case rent is receive. that is get on basis of day of letting  rent and it is income for the company

Selma use cottage maximum of 14 day or 10% of the rental day

10% of 90 day is 9 day  

correct answer is option (B) 9 days