Nick owns a small house at the lake. She used it as a vacation home...
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Accounting
Nick owns a small house at the lake. She used it as a vacation home most weekends during the summer but she occasionally rented it out when she could not get away. Under what circumstances would Nikki be required to report this rental income on her tax return? She only needs to report the income at the amount of rent she received was equal to or greater than fair rental value for this type of property. She only needs to report the income at the number of days she rented the property
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