Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Schedules K-1 and Rental Income Workout

Special Allocations

Case Study 4: Personal Use of Rental Property

On February 28 last year, Trent moved out of the house he had lived in for six years because he accepted a job in another town. He rented his house at a fair rental price from March 15, last year, to May 14, this year. On June 1, this year, Trent moved back to town and moved back into his house. Can his house be counted as personal use?

Click here for an explanation.