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02-06-2023
Business

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EDUARADO PURCHASED A VACATION HOUSE ON MAY 1, 2020, HE SPENT 20 DAYS THERE and rented it at fair rental price for 183 days. The house was vacant for the remainder of the year. If Eduardo uses the tax court method, what is the applicable percentage he should use for deducting mortgage interest and real estate tax expenses on his schedule E
a 5.49%
b 44.66%
c 50.14%
d 55.60%

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